re: back up with comments, page-2

  1. 1,068 Posts.
    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

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No. Vol. Price($)
6 1571 $37.92
 

Sellers (Offers)

Price($) Vol. No.
$37.93 1481 7
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Last trade - 10.22am 08/07/2025 (20 minute delay) ?
BHP (ASX) Chart
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