Just looking at the 3 yr chart on BHP...
In my opinion, this is the last time you will buy BHP for $25.00.
We have got to a point where a small amount of good info will get the price kicked up above $26.00, then it's up the stairs to 30 bucks.
If you just look at the organic shape of the chart alone, I could assume $30.00 is inevitable, question is...when?
I think it's looking like sometime soon i.e. in the next 2-3 months.
18/5/2005 was the last turn around like this one looks like at around $15.80.
I was sitting in a bar back then and talking to a miner from Moranbah and he was convinced that the price would continue to fall, I thought otherwise (Only the shape of the chart made me think this). I said it would probably continue up past $20 bucks. Only 4 months later it got there.
I didn't hold BHP then but now its 30% of my stock.
Just my opinion.
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Last
$45.06 |
Change
0.420(0.94%) |
Mkt cap ! $228.6B |
Open | High | Low | Value | Volume |
$45.05 | $45.47 | $44.78 | $351.0M | 7.781M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45 | $45.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$45.07 | 4549 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45 | 45.030 |
2 | 1500 | 45.000 |
3 | 8533 | 44.980 |
2 | 1775 | 44.950 |
1 | 1000 | 44.940 |
Price($) | Vol. | No. |
---|---|---|
45.070 | 4549 | 1 |
45.080 | 200 | 1 |
45.090 | 90 | 1 |
45.100 | 1000 | 1 |
45.130 | 3899 | 1 |
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