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
$40.29 |
Change
1.180(3.02%) |
Mkt cap ! $204.5B |
Open | High | Low | Value | Volume |
$39.82 | $40.40 | $39.67 | $580.8M | 14.56M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 745 | $40.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.29 | 35 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 745 | 40.280 |
1 | 65 | 40.200 |
1 | 150 | 40.180 |
1 | 1200 | 40.120 |
5 | 1319 | 40.100 |
Price($) | Vol. | No. |
---|---|---|
40.290 | 11 | 1 |
40.300 | 1270 | 4 |
40.340 | 199 | 1 |
40.350 | 7517 | 1 |
40.360 | 2710 | 2 |
Last trade - 16.14pm 18/07/2025 (20 minute delay) ? |
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BHP (ASX) Chart |