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BHP - BHP Group

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was looking for a thought on this... noticed that volume and sell is quite high today, any reason why?

Thanks
 
ShareIt said:
was looking for a thought on this... noticed that volume and sell is quite high today, any reason why?

Thanks
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Answered above:

"profithunter: Futures expiry, at 9.13am the market is matching up 350 points but will not open there...would be nice though"
 
Look's like not much love for BHP or the mining sector in general today. BHP Currently down almost $3 (-8%) to $33.96. What price by close I wonder...

AJ
 
Aussiejeff said:
Look's like not much love for BHP or the mining sector in general today. BHP Currently down almost $3 (-8%) to $33.96. What price by close I wonder...

AJ
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On my basic understanding it is in a critical area now, ie 33.66 to 33.72, next stop could be in the 29.72 area.

Mike
 
Once again the markets prove how cool they are. Notice when BHP was around $38 or whatever copper/aluminum rose 30% along with surges in other metals, the miners didn't follow? Oh but when it goes down from that level.

BAM!

I think its just sector rotation taking place with indiscriminate selling.
 
vishalt said:
Once again the markets prove how cool they are. Notice when BHP was around $38 or whatever copper/aluminum rose 30% along with surges in other metals, the miners didn't follow? Oh but when it goes down from that level.

BAM!

I think its just sector rotation taking place with indiscriminate selling.
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the selling in BHP has nothing to do with the fact that Gold is getting hammered and it just so happens BHP is a Gold producer and miner! Yeh it's indiscriminate selling. WHATEVER!
 
Boggo said:
On my basic understanding it is in a critical area now, ie 33.66 to 33.72, next stop could be in the 29.72 area.

Mike
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kennas said:
Chart wise, a very nasty H&S bearing down ominously.
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Breaking 32/33 ish, and the H&S target's about $24/25. I'd say the critical support line is closer to $32. Depends on if you're using weeklies or dailes, and intra/eod closes.
 
>Apocalypto< said:
the selling in BHP has nothing to do with the fact that Gold is getting hammered and it just so happens BHP is a Gold producer and miner! Yeh it's indiscriminate selling. WHATEVER!
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Oh ok cool, nice. Did you notice anyone buying BHP as copper climbed 30%, aluminum climbed 30%, nickel advanced 20%, lead and zinc did 10+% and gold went from $650 to $1130 and Oil went from $85 to $110?

As far as I can remember the share hibernated there like a bear.
 
Vishalt, BHP held steady in the face of global equity falls.

Now that its underlying commodity prices are falling, so too is the SP, to reflect global equity falls over the corresponding timeframe.

Cheers
 
I was just pointing out how irrational the market is behaving, the rises are not being tracked but the falls are?

I don't own any BHP so no bias! Funds have nearly destroyed the perception of the share price behaving like a report card.
 
Yes, but refer to my above post.

If equities are falling, so too should BHP. It didnt for some time there, as commodity prices were rising.

Now that commodity prices are falling, it is moving to where it would be if it fell in line with other equities.

If you took a composite/weighted total of underlying commodity price movements BHP produces and of equity movements on a % basis, you may find some correlation.
 
updated chart posted originally on Feb2.... will $32ish hold, or is it the $24-$26 area???
Cheers
............Kauri
 

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Garpal Gumnut said:
BHP is a beautiful stock to chart, all human life is there. Asutralian's hopes and dreams, their super and future often rest on this little miner.

I have been following BHP for many years.

I enclose a weekly chart from mid 1998 to the present.

Firstly it is important to note that BHP remains in a primary uptrend and should it continue, confirmation will occur when it goes through its previous all time high of $47.70.

However when I stood at the other end of the verandah from the screen I noticed a pattern which should urge some caution.

BHP may be in a head and shoulders pattern in a larger as well as a more recent time frame.

The gold trendline shows longer term longer time support and the blue the shorter term support. The trading range which I expect BHP to trade in should it fall is $23 to $30. I'll certainly be topping up below $30 and definitely at $23 should this "correction" continue. The shoulders are shown as big and little, in the respective time frames. The possible heads are the same, the recent highs.

I would be wary therefore of a rally to $40 especially on low volume as it may auger a retracement and fulfillment of the head and shoulders hypothesis.

So I'll be buying if it continues down and watching volume if it recovers.

gg
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I agree this is a classical head and shoulders, BHP may go down further, in my previous post above I suggested $23. I'm collecting my gumnuts together, always profitable to buy BHP on big dips and sell into tax advantaged buybacks.

gg
 

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an ok day for bhp today (as for the rest of the market haha).
opened at 34.80 and closed at 34.41 (lowest of the day), with a high of 34.97.
 
Bounced beautifully off 32/34 ish support, but still not going up until it breaks this downtrend line and 40. Potential breakout around here I think. Interesting.
 

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folks, my etrade is showing me 1Billion :eek: shares traded on 4th of April, is this true, and what does this signify?

EDIT: Never mind, I think their system is screwed, it is showing outlandish volume for other stocks too.
 
40$ is a strong resistance point. Just wondering when iron and ore negotiations will bring a deal as this help breaking this strong resistance. At this stage it looks like BHP might drop a bit from $40. Just my opinion based on RSI and bollinger band.:)
 
BHP has now broken $40 today $40.01 +$1.41 +3.65%

BHP $40.01 +$1.41 +3.65 high of $40.05 low of $39.54 7,088,296 $281,193,572 @ 07-Apr 11:15:27
 
WOW I did not think BHP would break $40 that easily. Look like a buying signal now. Still much more buying orders than selling. Got some good momentum and volume:):)
 
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