hi mongo
When I quoted a "parabolic" figure of $18.69 for BHP , it was a forecast for the future.
Now, it is likely to take many, many months for this to occur.
WHY?
My September Projection Oscillator fell to 12.8%, that's a catastophic LOW for BHP so it's no wonder that we'll see a "bounce" now.
The last Montly P.O. Low of note was in August 2001 at 16.6% and almost every dip has been "higher" since then.
The "next higher" P.O. dip will come at a "LOWER PRICE".
When will it happen? Hard to say.
The last time that the BHP P.O. dipped to a "lower low" like this, the stock went for a 2 year rollercoaster and it went 30% lower than the first low spike.
$27 x .7 = $18.90
Now, we all may have to wait up to 2 years for this price,
and in the mean time, we play the stock month by month.
Should this current "bounce" reach about $42 (in the weeks ahead), i'd be getting twitchy with the sell button.
..................................................
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Last
$44.74 |
Change
1.380(3.18%) |
Mkt cap ! $227.0B |
Open | High | Low | Value | Volume |
$44.35 | $44.86 | $44.27 | $675.0M | 15.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | $44.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.75 | 3245 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 44.710 |
2 | 1500 | 44.700 |
1 | 2 | 44.690 |
1 | 250 | 44.650 |
1 | 12 | 44.640 |
Price($) | Vol. | No. |
---|---|---|
44.750 | 2930 | 6 |
44.760 | 143 | 1 |
44.770 | 2397 | 3 |
44.780 | 2250 | 2 |
44.790 | 2109 | 5 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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