Have enclosed a chart with a few recent time cycles and also some future times to look for
I am still very bullish BHP, and probably even more so than when i was at 3350
95 days seems to be a good time period for BHP ( rather than 90) and as highlighted very close to the day on major turns. So in order for the bullish trend to continue we should have pull back from this turn date now. Personally it will try and retest below 40 but it wont get past 3850
It took 285 days for high at 48 and in my view it will take that amount of time to adjust in price ( 30 July 08) before our next major leg up which is very likely to be 56 as indicated and it could be as early aa November 08
The pink circles are indications of where the price could be and i must say i prefer the dotted blue line as course of action
Long positions to look for in coming weeks months
- any touch of lower triangle red line
- any higher swing bottoms of the red line
- any break out above the red triangle line
- a break above the high of last week
Short positions
- first lower swing top from turn date now
- any break below the red triangle line
Summary
As you all know BHP is a big part of our index so when you see major falls or rises overseas BHP listings it doens mean repeats here.
But more importantly, if the Dow has big or small rises it will also reflect somewhat in the price of BHP rather than following of the commodoties
It looks as though the March low XJO will/is confirmed as a turn in market, so therefore you would have to have a major problem for BHP to ever get back to 24 or even 32
So happy tradings and i hope my thoughts help someone
Good Luck but you wont need it with BHP LOL
![]()
- Forums
- ASX - By Stock
- BHP
- time and price
time and price
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$40.77 |
Change
0.240(0.59%) |
Mkt cap ! $206.7B |
Open | High | Low | Value | Volume |
$40.70 | $40.90 | $40.45 | $537.7M | 13.19M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50 | $40.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.78 | 8000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 40.710 |
1 | 125 | 40.700 |
4 | 4306 | 40.600 |
1 | 160 | 40.570 |
1 | 1000 | 40.560 |
Price($) | Vol. | No. |
---|---|---|
40.780 | 1900 | 1 |
40.790 | 350 | 1 |
40.800 | 1500 | 1 |
40.820 | 836 | 2 |
40.860 | 2500 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online