re: china - import of copper grows Hi Schnitzel, Hope u made a motza on bhp shorts.
i should have said i do believe bhp will dip up to 5% . It was easy money for a week or so and thats generally a sign of a correction. I had stats of the % gain for each wave up and down for the last 2 years but cant find it. If this is the top of the latest up wave then it could go down about 10 to 15%, b 4 continuing up. If its a correction due to profit taking (prob IMHO) and still going up to new highs then it may dip to $25.80 (hit today) then $23.80/$24.00 is next support tho i use this term loosely as bhp has gone vertical from $21.50 in 3 weeks.Major support at $21.30/$21.50/$21.70 .band I think with current outlook im looking at $25.50 b 4 going long, buying up if it goes down lower and holding the lot till it goes back up as per usual.
I keep looking at my chart and cant help but keep thinking bhp has broken up and out due to poss rerating , support from anyone that has some cash to invest. etcand if so then it will test $26.60 very much sooner rather than later.
cheers.
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$40.21 |
Change
-0.810(1.97%) |
Mkt cap ! $203.9B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
3 | 5550 | $40.20 |
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Price($) | Vol. | No. |
---|---|---|
$40.22 | 5300 | 2 |
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3 | 5550 | 40.200 |
1 | 5000 | 40.190 |
2 | 4739 | 40.180 |
2 | 849 | 40.160 |
2 | 1530 | 40.150 |
Price($) | Vol. | No. |
---|---|---|
40.220 | 5300 | 2 |
40.240 | 43455 | 2 |
40.250 | 3000 | 1 |
40.270 | 3950 | 3 |
40.290 | 7005 | 1 |
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