Hoping your prediction is going to hold true Enigma.
Yesterday I started to get a little uncomfortable with my short position, but the candle that formed yesterday still gave me hope for price weakness today, of course O/S markets have now indicated that BHP shareprice should retreat.
Madmacs also astutely noted yesterday that the S/P struggled at the 23.8% fib level, so we did have some clues yesterday about todays likely direction.
I noticed the other day that BHP has been in a flag formation (in the up channel). Now my understanding of this price action build up is that it always breaks to the downside - so I am hoping that this flag pattern breaks sooner rather than later (before the end of this months options expiry).
All the best
Commy
on target for $11.85- down 3% in us, page-2
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Last
$42.60 |
Change
-0.180(0.42%) |
Mkt cap ! $216.1B | |||
| Open | High | Low | Value | Volume |
| $42.77 | $42.91 | $42.52 | $155.5M | 3.647M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6565 | $42.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.65 | 9609 | 2 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |