JK5 - You need to know that chart parabolics are there to show "support" and "break" points in any stock.
A "Support" parabolic for BHP formed soon before it topped out at $50 on 16th May 2008.
THIS parabolic has now been BROKEN when the stock passed $33.75.
Chart wise, BHP is trading "with no visible support".
People who traded BNB during early August 2007 were in the same position.
It was much like plugging the holes in a sinking ship.
You can be as optimistic as you like "until the air runs out".
wednesday price action, page-34
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Last
$40.86 |
Change
0.650(1.62%) |
Mkt cap ! $207.2B | |||
| Open | High | Low | Value | Volume |
| $40.65 | $41.02 | $40.32 | $321.8M | 7.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1456 | $40.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.87 | 1230 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |