This Dow-Jones chap (DWR) has been banging on about this return to $33 for a while now. "To complete the head and shoulders".
BHP's SP dropped to $33 on Easter Thursday when 45 million shares were sold when the daily average at that time was around 9 million. If I recall correctly the UK Financial Times thought it was a distressed hedge fund having to sell.
Now why on earth does that event affect what will happen to the SP at the moment? It is illogical and irrational.
Sure there is a probablity that the SP might head down to $33 or $23 or whatever. But a moments critcal thought will see that it will not be to complete some fanciful shape on a chart!
wall at 40, page-48
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Last
$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B | |||
| Open | High | Low | Value | Volume |
| $39.19 | $39.87 | $39.10 | $371.9M | 9.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10101 | $39.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.60 | 18075 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |