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
$39.63 |
Change
-0.700(1.74%) |
Mkt cap ! $201.0B |
Open | High | Low | Value | Volume |
$40.20 | $40.35 | $39.63 | $339.4M | 8.507M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 102523 | $39.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.67 | 169 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 23023 | 39.620 |
5 | 7892 | 39.610 |
26 | 44279 | 39.600 |
4 | 16284 | 39.590 |
3 | 1182 | 39.580 |
Price($) | Vol. | No. |
---|---|---|
39.700 | 500 | 1 |
39.800 | 52 | 1 |
39.810 | 1800 | 1 |
39.840 | 556 | 2 |
39.850 | 3000 | 2 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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BHP (ASX) Chart |