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BHP - BHP Group

$32 grimmly holding on, but looks untidy.

$34 proving too hard.

Still in potential breakup position, but the shorts will probably have their day here unless there's some really positive news for BHP or market moves to catapault them through this Great Wall of China at 32-34.
 

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just checkin in to see how its all going........... sure doesent want to make a clean break north this lil darlin ....... any chartists got any views on it now ?

blessem
 
just checkin in to see how its all going........... sure doesent want to make a clean break north this lil darlin ....... any chartists got any views on it now ?

blessem

I definitely would not class myself as a chartist but I did have a look at BHP this arvo and drew this up to print and stick on my cork board.

Its stating the obvious regarding the two levels I think, where it will go ????

Thats my worth.

(click to expand)
 

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The bishop has filled the collection plate for now and reckons you longies can have a go for a couple of days instead

he would like to thank you for all opinions and chart help and will be waiting to jump back on at any given moment

he thinks a small bounce due b4 continuing south so he will catch it agin when he see,s fit

amen
 

Agree, bounced off $30.00 support twice now, think it will shoot higher tomorrow so went long on a little just to get a few $$

Think it can go as high at $32.00 before next drop? nice 7-8% range from there if so
 
mmmmm ok .just thought i,d see how it was all going ....... the bishop sends his regards and wonders how chartists view the current prices ........ we heading for 24ish next ? or we at another bounce area ?

sure has been a bewty so far tho
 
went X div few days ago, would think it would probably drift through lack of interest next few weeks / month. consolidate perhaps? still making higher highs and higher lows, maybe a positive sign of gettin up a head of steam? would need to break $ 33.85 on good volume to arouse interest from punters i would suspect. trend is ya friend!!
 
Sitting right on the bottom of the channel formed since mid-October.. If it breaks down, it shall be decisive, and could well be decisive on our index as a whole towards 2800 or so.

MACD seems to tipping downward and losing strength, and MMA showing some bearish signs. If I'd have to guess anything, I'd say going down short-term.

London BLT is showing down -1.65% at present.
 

Agree and thanks, I'll wait for it to go down, then trade up, a long trade on RIO recently saved my portfolios bacon.

Aint life tough.

gg
 
Having fallen today to $27.68, BHP seem to have moved down to a price range of $25 - $30. With a yield of 4% that should easily be covered, they look firm enough with interest rates tumbling.
I doubt BHP will make a dip for RIO with Chinalco paying over the odds. Should be an opportunity to pick some bits off though.
 
Do you think BHP is a good buy for a 1st timer? I'm think of scratching up a little money and getting into the sharemarket and am thinking BHP and RIO Tinto

And advice will be appreciated.
 
huge well diversified company, massive cashflow & cashed up is trading in a range from around $ 26 - 32 bucks in last six months. u could average in?

oil and copper are usually first 2 commodities to turn and they have enough of the stuff
 

http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=131013
 
Expanding triangley wedgey thing happening here. Don't these end in tears? Or, am I dreaming and all's good?
 

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End in tears for memory.

I'll Probably lock in some profits come days end & may re-enter just to see if it can push higher come Monday, i need to recoup some FMG losses
 
End in tears for memory.
I wonder how important $34 is to this overall view. If we break through confidently, there should be less technical selling you'd assume. Well, I hope anyway...
 

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Expanding triangley wedgey thing happening here. Don't these end in tears? Or, am I dreaming and all's good?

The AUD is bouncing back up. Right now its past USD 70c (from 68c earlier this week), and up 4.83 chinese yuan (from 4.60 last Wed).

At this rate it could mean less buying of ores from the Chinese, and could be a reason for a bear trend @ 35/36 to happen after the resistance line.
 
well it was pretty obvious it would come back-the aus/yank dolla. even to me.

kennas i'd say thats a resounding pass thru 34, like its 34 and a couple of cents....thats pretty good with all u b.rstards shorting the thing and likely naked selling it.....
u're all probably spreading false rumors too....

i at least have faith the boat will sail along before it goes to davey jones's locker.
 
I jumped ship, they reckon I can't go broke making a profit. We'll see I guess. .
 
Tentative signs that it's going through.

Just a heads up.

I have no confidence until the $34 mark is blown away, or tested as support.

At that time, will add to my small investment.

Wish I was one of those taking a risk down at $20.

Arggghhhhh!!!!
 

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