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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re: back up with comments, page-2
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Last
$38.24 |
Change
-0.360(0.93%) |
Mkt cap ! $194.1B |
Open | High | Low | Value | Volume |
$37.77 | $38.27 | $37.56 | $299.4M | 7.862M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300 | $38.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.24 | 8000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 38.200 |
1 | 33 | 38.140 |
1 | 25 | 38.130 |
1 | 100 | 38.120 |
4 | 5364 | 38.100 |
Price($) | Vol. | No. |
---|---|---|
38.240 | 8000 | 1 |
38.270 | 235 | 1 |
38.290 | 549 | 2 |
38.300 | 3787 | 3 |
38.310 | 32977 | 2 |
Last trade - 16.11pm 08/07/2025 (20 minute delay) ? |
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BHP (ASX) Chart |