BHP 0.58% $41.02 bhp group limited

just shorted more, page-33

  1. 2,818 Posts.
    lightbulb Created with Sketch. 7
    re: dumping under the 200 day ma also futureman, as much as I respect your right to voice your opinion ( albeit hopefully in an unvitriolic manner), I have to disagree with you on BHP
    - I have a feeling that the stock will rally to $27 from here to feel that gap (that really sticks out)
    - moreover, I think the instos will want to finish the quarter on a high (eoq window dressing)

    however, I do think that the stock will find some resistance at the 27-2750 level, and there is a 50/50 chance that it eventually bottoms at 22-22.50 some time in October

    however from there I see a massive end of year rally where it will retest it's 06 highs

    i do not see this stock falling below the very (very) strong 22 support (only 5% chance)
 
watchlist Created with Sketch. Add BHP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.