BHP 0.70% $38.91 bhp group limited

re: were only up slightly.... It's all over the show - I have a...

  1. 328 Posts.
    re: were only up slightly.... It's all over the show - I have a better chance of predicting Lotto numbers that predicting what the hell is going on with BHP price. It currently seems there is a resistance to upward movement in Aust but at the same time the bulls are refusing to give it up. All it needs is a reasonable retracement, even to 1800 in the short term for everyone to be happy again and it can then go on its merry way. I cant see the price go up too much without this retracement. Some have suggested $22, $25 and even $30 (TT). I think these levels will be reached but not for a long time yet. Not until the price falls back and do what any normal healthy share price should do. It's called the market cycle and rarely will a share price just go up and up and up over a prolonged period. What goes up must come down eventually.

    Cheers

 
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