Not all analysts are stupid. There are severe technical reasons why you should reduce long positions. If you know its going to drop, just buy when it does. Don't top up with your money, top up with market profits and gain more shares on the adjustment. Metals are down, all ords did not follow through the Dow Jones all time high on a MASSIVE 2.06% rally, In fact for me, it confirmed the topping formation I've been waiting to collapse. The stock is bullish, but the reason to hold in the short term has dimished, listen to the sentiment turnaround. The worst case scenario if you sell? Miss out on another 5% hike? HIGHLY DOUBT IT.
I do have a vested interest in the stock, I bet you do aswell.
I disclaim any liability, financial, emotional, economical or otherwise.
Seek your own advice from a professional.
Not all analysts are stupid. There are severe technical reasons...
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B | |||
| Open | High | Low | Value | Volume |
| $40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15864 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.03 | 1196 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |