BHP 2.01% $44.46 bhp group limited

The BHP thread sentiment is more negative than any time i can...

  1. 696 Posts.
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    The BHP thread sentiment is more negative than any time i can remember. Even in the GFC! Thats a positive for the stock and im sure last week most margin calls were triggered. There comes a point when there is no-one left to sell.

    +Sitting on long term Weekly support as previous charted on this thread.

    -Cycles have low in July though.

    +Sell in May seems almost too obvious now.

    +short term extremely oversold.

    Where it goes nobody knows, but i think the market has factored in terrible news. The China 7.7% (not 8%) is on a higher base than previous, so in $ terms is higher. Seems like panic to me.

 
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