BHP 0.85% $42.96 bhp group limited

it's a buy, page-12

  1. 7,728 Posts.
    That rectangular pattern from August to now looks like a continuation flag, where price consolidates in a range --$4 here, half of BHP's famous $8 range-- and then....continues in the same direction: UP.

    I could be wrong, but it looks very much like the previous, late March to May flag. Three attempts at a high, the last mildly succeeded, pulled back and went on to make the June high at the 161.8% fib extension.

    Were that to be repeated now, we pull back, then go to 161.8% fib at $42.40.

    The circled top right corner of the previous pattern looks identical to the last 3 trading days of now, too: price gaps up to make a new high, falls back slightly the next day.

    Moving averages and indicators are pretty much at the same formation both times, too.

    Chart with and without the clutter:


 
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Last
$42.96
Change
0.360(0.85%)
Mkt cap ! $217.6B
Open High Low Value Volume
$42.69 $43.23 $42.51 $142.2M 3.318M

Buyers (Bids)

No. Vol. Price($)
7 2681 $42.95
 

Sellers (Offers)

Price($) Vol. No.
$42.96 5169 15
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Last trade - 15.54pm 07/11/2024 (20 minute delay) ?
BHP (ASX) Chart
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