Sabre, I can't believe I'm posting similar to you. I was going to post this chart this morning in response to WXYZ's bollinger post..... but changed my mind as it still does not conclusively indicate direction.
A venture outside the bollinger can result in a bounce, or the stock can trend the bollinger lower.
But after falling 6 out of the last 7 days, we are due for a bounce, and I would have to agree that being outside the Bolling adds weight to that argument.
The stochastic is as low as the proverbial pregnant snake's belly, from a position where bounces do occur...
And we've hit the lower channel from May top.
outliered out of the bollinger band today, page-8
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Last
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B | |||
| Open | High | Low | Value | Volume |
| $39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1696 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.46 | 24810 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |