Yes, charts are good signposts to what is possible, what may or can happen.
Not necessarily what HAS to happen.
For instance, look at this monthly snapshot of BHP 2001-2003. Looks familiar? Head and shoulders, higher high in February 2002 than May 2001?
What happened next? Doom, gloom, back to an ancient much lower prices?
---Nope.
From 2003 began a bull run to the present.
target thursday , page-31
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Last
$40.94 |
Change
0.060(0.15%) |
Mkt cap ! $207.6B | |||
| Open | High | Low | Value | Volume |
| $41.13 | $41.24 | $40.86 | $262.2M | 6.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16 | $40.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.95 | 1333 | 1 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |