Heres a monthly view with a simple stochastic suggesting the first buy sine 2003 and only the 5th since 1982. ( 6 if you count the start)
So to me the line in the sand is 20 until proven otherwise, and with all due respect i have no interest in what might or might not happen but merely the opportunity to trade.
In recent weeks we were offered 60% and im hopeful many took advantage of it. im still expecting pull back here now and patiently will wait, if i miss out too bad :)))
Note the last trading before old highs were taken out in 2003, now the same could occurr here and we might not have a new high till 2014, but WOW what a trading range to play with $30.
Hope the chart helps those who see trading as an opportunity :))
how low can it go?, page-118
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 (20min delay)
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Last
$43.80 |
Change
0.370(0.85%) |
Mkt cap ! $222.2B | |||
| Open | High | Low | Value | Volume |
| $43.46 | $44.42 | $43.33 | $264.8M | 6.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $43.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.80 | 13551 | 1 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |