BHP 0.00% $44.58 bhp group limited

kloppers should be sacked, page-56

  1. 3,128 Posts.
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    I definitely believe in the power of the 8's for BHP. You just need to see it to believe it. $40 seems to be the major S/R which has stood out over the last 6 months.

    As for future price movements - we should probably look for consolidation between 38-40 before moving higher, unless, of course, the US continues lower, which will drag everything in its path, 1 billion a month profit companies too.

    I hold, and am looking for it to retrack back to above $40 in the short term, but I am cautious that the retracement may take it to $32 just as easily. I believe that the company will continue to be profitable, but that doesn't mean much when it drops another 10%. Lets hope it stays up, as that would be much more profitable for me.
 
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