Yeah, there is almost a similar thing happening to BHP.
According to FNArena, the 20dsma is quite important.
The last time we had the scenario of a downing MACD and a significant cross of the 20dsma, we had a long medium term downtrend in place.
Last year oil fell considerably, and we've got thumped oil over the last few days. Perhapos
From a technical perspective, we still haven't broken out of the downtrend channel as yet, although today's higher high and higher low (thus far) is a good thing.
We'd have to see the price go above 36.75 and hold with a confirmation day for me to be happy its bottomed out.
So yes, play the swings, but damn, don't get caught in the gaps.
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Last
$38.63 |
Change
-0.710(1.80%) |
Mkt cap ! $196.3B |
Open | High | Low | Value | Volume |
$38.65 | $38.77 | $38.50 | $145.4M | 3.767M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 10491 | $38.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.64 | 227 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1203 | 38.640 |
15 | 3667 | 38.630 |
16 | 3260 | 38.620 |
10 | 8200 | 38.610 |
40 | 21306 | 38.600 |
Price($) | Vol. | No. |
---|---|---|
38.650 | 2227 | 12 |
38.660 | 4533 | 17 |
38.670 | 4233 | 16 |
38.680 | 2862 | 10 |
38.690 | 2778 | 9 |
Last trade - 12.10pm 12/09/2024 (20 minute delay) ? |
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BHP (ASX) Chart |