Evening all,
Interesting days trade today.
The defensives took a bit of a hiding, stocks such as WOW, QBE, CSL, COH, AGK etc all down... and on top of a positive DOW lead to boot.
$$$ moving out and finding better value elsewhere perhaps. Or are these defensives overvalued and returning to the market norm.
Will BHP be next?...
On a brighter note, i didn't expand my short in BHP today, but i was tempted.
Im torn between two schools of thought.
1.) Multiple attempts to break resistance at $32 have failed and will continue to fail, a sizeable pullback is on the way.
2.) Multiple attempts to break resistance at $32 are drying up the huge supply of shares available at $32. Once the supply at $32 is removed we will see an explosive move to the upside.
Watching...waiting...if option 2 comes into fruition ol'wxyz might be forced to eat a piece of humble bullish pie :))
(Actually, 'humble' and 'bullish' are two words which should not be used in the same sentence!)
I did open a short position in ERA today with a stop at 20.50, which is looking the goods so far, should be a couple of $ in it...we'll see
- Forums
- ASX - By Stock
- BHP
- the $31/$32 barrier & bhp in london and the us
the $31/$32 barrier & bhp in london and the us, page-84
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$45.96 |
Change
1.220(2.73%) |
Mkt cap ! $233.1B |
Open | High | Low | Value | Volume |
$45.50 | $46.23 | $45.32 | $765.8M | 16.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | $45.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$45.97 | 2273 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 45.920 |
1 | 22 | 45.900 |
1 | 237 | 45.850 |
1 | 45 | 45.820 |
3 | 471 | 45.800 |
Price($) | Vol. | No. |
---|---|---|
45.970 | 2273 | 2 |
45.980 | 3319 | 6 |
45.990 | 44264 | 11 |
46.000 | 61364 | 31 |
46.010 | 7020 | 3 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |