re: back up with comments Wilf, nice to have some genuine analysis for a change. The problem with BHP is that you have to look at more than one chart. You also have to look at a chart for BHP in the UK (they are broadly similar but obviously with different resistance/support levels) and more importantly, the base metal charts, in particular copper. These can lead it in unexpected directions, as the 2 false breaks below 24.40 recently testify.
A broken uptrend doesn't always mean the beginning of a downtrend, it can also mean the beginning of a period of range-bound trading, and the range that BHP has defined recently is huge. fromthefuture claimed fairly recently he had a chart which could predict that support would be broken, a claim which makes no sense from a TA point of view. Support supports, until it is broken, and a chart only tells you something once one of those two outcomes has occurred (the two false breaks mentioned above would have been a bit of a bear trap to genuine shorters, today's open may be a chance for them to sell at a profit).
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Last
$37.93 |
Change
-0.670(1.74%) |
Mkt cap ! $195.9B |
Open | High | Low | Value | Volume |
$37.77 | $37.95 | $37.56 | $52.43M | 1.388M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1571 | $37.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.93 | 1481 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 409 | 37.900 |
8 | 2727 | 37.890 |
9 | 4846 | 37.880 |
5 | 2699 | 37.870 |
5 | 2292 | 37.860 |
Price($) | Vol. | No. |
---|---|---|
37.920 | 2507 | 5 |
37.930 | 3421 | 8 |
37.940 | 8648 | 10 |
37.950 | 3840 | 10 |
37.960 | 6631 | 11 |
Last trade - 10.22am 08/07/2025 (20 minute delay) ? |
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AUSTRALIAN GOLD AND COPPER LTD
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