hi mongo
When I quoted a "parabolic" figure of $18.69 for BHP , it was a forecast for the future.
Now, it is likely to take many, many months for this to occur.
WHY?
My September Projection Oscillator fell to 12.8%, that's a catastophic LOW for BHP so it's no wonder that we'll see a "bounce" now.
The last Montly P.O. Low of note was in August 2001 at 16.6% and almost every dip has been "higher" since then.
The "next higher" P.O. dip will come at a "LOWER PRICE".
When will it happen? Hard to say.
The last time that the BHP P.O. dipped to a "lower low" like this, the stock went for a 2 year rollercoaster and it went 30% lower than the first low spike.
$27 x .7 = $18.90
Now, we all may have to wait up to 2 years for this price,
and in the mean time, we play the stock month by month.
Should this current "bounce" reach about $42 (in the weeks ahead), i'd be getting twitchy with the sell button.
..................................................
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Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B |
Open | High | Low | Value | Volume |
$40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15864 | $40.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.03 | 1196 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2538 | 40.000 |
1 | 30 | 39.930 |
2 | 107 | 39.910 |
2 | 1067 | 39.900 |
1 | 25 | 39.890 |
Price($) | Vol. | No. |
---|---|---|
40.040 | 300 | 1 |
40.090 | 1000 | 1 |
40.100 | 10680 | 4 |
40.120 | 950 | 2 |
40.150 | 3922 | 3 |
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