lenroc said
"BHP chart trivia
BHP was last a "hot buy" in May 2003 at $8.60 and it rose to $50 recently.
The BHP Monthly chart turns "Bearish" now in October for the first time since it turned "Bullish" in October 2003.
The last time BHP broke it's lowest Monthly parabolic was in October 1997 at a low of $6.15.
It was NOT a Long Term BUY again until February 1999 at $5.71.
That same Monthly parabolic is currently at $18.95.
Mark that price on your calendar this month to see if it is realised.
Keep in mind that history does not always repeat itself."
go and have a look what the prices of metals were 5 yrs ago and this might tell you why it is not going to dip that low.
lenroc said"BHP chart triviaBHP was last a "hot buy" in May 2003...
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$44.77 |
Change
1.120(2.57%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $44.49 | $44.87 | $44.00 | $347.0M | 7.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5589 | $44.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.77 | 8514 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |