well the last two weeks have indeed generated some healthy discussion and analysis. Having made a prediction on 6 Apr that BHP(when BHP was 12.50+)would fall to 11.85 by 16 Apr, I missed the target by 1.5% (or 18c) and was probably only 1 day out on the short term low
There were of course some jitters along the way but all in all we achieved 70% of the fall.
Thank you to all who contributed to the discussion as it is always great to see the world from anothers perspective.
Where to from here? well BHP is up 1.2% in US overnight so there should be a healthy retrace. With current uncertainty, I still think there is futher downside and $11.85 is still possible but I anticipate a trip up to $12.40 before that and probably before the end of the week. (23 Apr)
What do others think.???
it is important not to take any comments made here as advice but merely absorb them as an individual's perspective on SHORT TERM price movements.
BHP Price at posting:
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