boffin1979
Re; ... " ...Am I waiting in vain for the price to fall or is the current SP more of what to expect?"
Please DYOR & decide based on your own financial position, status for risk etc.
IMO atm the BHP jury is out & many traders / investors are undecided. BHP's recent bond-raisings have rekindled the issue of takeover targets for BHP - the RIO experience caused considerable pain for investors. The latest news re investing in Olympic Dam & delay of the ETS may however trigger greater optimism.
Atm BHP's trend on one day & 2 day swing charts is slowly down -these last few weeks have seen marginally lower swing lows & marginally lower swing highs.
However, there is also evidence of a reverse head & shoulders pattern developing, longer weekly Elliott Waves project a big Wave 5 rise whereas shorter ones project a sharp Wave 5 plunge.
In summary, BHP has been range trading between $31.25 & $34.28. BHP has also been heavily shorted at times - up to 42% in a day & typically in the range of 20% to 30%! As a result many of us are waiting for a clearer direction.
4YIO - NFA
boffin1979Re; ... " ...Am I waiting in vain for the price to...
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |