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
$40.88 |
Change
0.630(1.57%) |
Mkt cap ! $207.3B |
Open | High | Low | Value | Volume |
$39.90 | $40.90 | $39.83 | $380.0M | 9.386M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5000 | $40.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.88 | 15880 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 217 | 42.920 |
1 | 570 | 42.880 |
8 | 3358 | 42.240 |
2 | 218 | 42.230 |
3 | 2483 | 42.000 |
Price($) | Vol. | No. |
---|---|---|
38.840 | 28 | 2 |
39.000 | 2360 | 14 |
39.660 | 1257 | 4 |
39.770 | 73 | 1 |
39.880 | 4220 | 1 |
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