At $34 there is obvious resistance at old support and $35 is a 50% bounce.
Surely any thoughts of returning to $50 any time soon is implausable.
That suggests probably years of sideways action IMO.
So the traders will have the advantage over the buy and holders for some time.
I was hoping for a October low leading to a rally top in April to continue the 1/2/3/4/5/6 etc month sequence of moves back to mid 2007.
The longer term indications were for a Oct/Nov low like 1991/2 and Nov was the lowest as it was then.
Since there was a good low in Oct even though not the final low, I would still be watching April if things hold up.
how low can it go, page-27
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |