J_Clark
Here is the weekly BHP chart.
I can see further downside from the technical aspect, the $32 level you are referring to is the 38.2% fibonacci retracement level as I see it.
The weekly MACD is still very much bearish at the moment.
Right now it is clinging to the 23.6% fib level, so I expect some support here for a while. In fact it could bounce back to $42 before resuming the downtrend.
If this current level breaks there is trendline suport in the $37 area.
If that breaks then $32-50 could well be the next target.
Does make BHP very attractive at that price.......
Chart looks like this
Cheers
Commy![]()
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- bhp : support at 37.62
bhp : support at 37.62, page-20
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Last
$39.79 |
Change
-0.225(0.56%) |
Mkt cap ! $201.5B |
Open | High | Low | Value | Volume |
$39.90 | $40.05 | $39.73 | $123.3M | 3.090M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 4248 | $39.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.79 | 3059 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 6752 | 39.760 |
13 | 9729 | 39.750 |
18 | 7350 | 39.740 |
16 | 7575 | 39.730 |
11 | 3268 | 39.720 |
Price($) | Vol. | No. |
---|---|---|
39.770 | 3521 | 26 |
39.780 | 4160 | 12 |
39.790 | 4271 | 13 |
39.800 | 5244 | 11 |
39.810 | 4042 | 8 |
Last trade - 13.56pm 19/08/2024 (20 minute delay) ? |
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BHP (ASX) Chart |