JK5 - You need to know that chart parabolics are there to show "support" and "break" points in any stock.
A "Support" parabolic for BHP formed soon before it topped out at $50 on 16th May 2008.
THIS parabolic has now been BROKEN when the stock passed $33.75.
Chart wise, BHP is trading "with no visible support".
People who traded BNB during early August 2007 were in the same position.
It was much like plugging the holes in a sinking ship.
You can be as optimistic as you like "until the air runs out".
wednesday price action, page-34
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Last
$43.40 |
Change
-0.160(0.37%) |
Mkt cap ! $220.1B | |||
| Open | High | Low | Value | Volume |
| $43.11 | $43.56 | $43.09 | $248.4M | 5.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5716 | $43.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.41 | 4801 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |