A number of us have been quietly predicting this downswing, and getting out near the recent peak. $24 was a clear go long in this last cycle, and $30 or thereabouts a clear go short.
There's a bit of a perfect storm on the horizon - Nov 17 is a doubly interesting date because of the G20 summit in addition to that discussed above. I'm surprised this isn't high on more people's radar. It will probably generate either more short-term euphoria followed by a slide, or send things through the floor pronto.
Again, BHP isn't a hold until it's clear the worst of the global demand slowdown is over. At the moment this is a trading stock, IMO.
Happy trading all.
november could be worse than october, page-22
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Last
$43.40 |
Change
-0.160(0.37%) |
Mkt cap ! $220.1B | |||
| Open | High | Low | Value | Volume |
| $43.11 | $43.56 | $43.09 | $248.4M | 5.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5716 | $43.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.41 | 4801 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |