Knowing how stubbornly bullish BHP share holders are, I wouldn't be surprised if we saw a little range trading before a price drop below the $36 supportive.
I believe the $36 level in early Aug only held because short term position holders entered the stock looking to capitalise on impressive reporting...which did carry the stock to $42.
$42 is now the upper range boundary. Which will take considerable bullish momentum to surpass.
A partial retrace of this range will give an early indication of which direction a break-out will occur.
Given the rate at which money is currently exiting the stock, a partial retrace of the $42 level will preceed a break below the $36 mark.
robbbbbb ill be looking forward to your next video installment when that occurs... :)
how low the sp, page-41
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Last
$41.11 |
Change
-0.870(2.07%) |
Mkt cap ! $208.4B | |||
| Open | High | Low | Value | Volume |
| $41.15 | $41.87 | $41.00 | $389.0M | 9.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1880 | $41.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.18 | 3794 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |