J_Clark
Here is the weekly BHP chart.
I can see further downside from the technical aspect, the $32 level you are referring to is the 38.2% fibonacci retracement level as I see it.
The weekly MACD is still very much bearish at the moment.
Right now it is clinging to the 23.6% fib level, so I expect some support here for a while. In fact it could bounce back to $42 before resuming the downtrend.
If this current level breaks there is trendline suport in the $37 area.
If that breaks then $32-50 could well be the next target.
Does make BHP very attractive at that price.......
Chart looks like this
Cheers
Commy![]()
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- bhp : support at 37.62
bhp : support at 37.62, page-20
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Last
$44.39 |
Change
-0.380(0.85%) |
Mkt cap ! $225.1B |
Open | High | Low | Value | Volume |
$44.52 | $44.68 | $44.21 | $228.3M | 5.147M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 93 | $44.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.40 | 13049 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 185 | 44.300 |
2 | 3000 | 44.230 |
2 | 10500 | 44.220 |
3 | 1054 | 44.210 |
8 | 4179 | 44.200 |
Price($) | Vol. | No. |
---|---|---|
44.400 | 700 | 1 |
44.500 | 519 | 4 |
44.580 | 1600 | 2 |
44.600 | 1909 | 4 |
44.650 | 200 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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