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Today's quote:

Tuesday, March 29, 2022

Happy days are here again!


Buying shares isn't like getting married: you don't do it for life, although I've been holding BHP shares now for a quarter of a century. In all that time they've only been testing the $50-mark since last year when they first topped it in May.

Their daily closing price topped $50 for six days in May, thirteen days in July, and another twelve days in August when they reached $54.06. After that, it was all downhill to a low of $35.56 on 2nd November.

Apart from monitoring the economy and the state of the world, buying shares is knowing how much pain you can endure, and I've kept enduring plenty of pain while collecting some juicy dividends along the way.

The pain has finally paid off, with BHP briefly topping $50.06 on 3rd March, then again topping $50.38 on 7th March, and making a more convincing run-up to $50.92 (briefly tipping $51.12) only yesterday.

Trading Central comments, "We have detected a 'Commodity Channel Index' chart pattern formed on BHP Group Ltd (BHP:ASX). This bullish signal indicates that the stock price may rise from the close of 50.92."

Happy days are here again!

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