HP (BHP.AU) needs to close above A$30.60 today or recent bullish technical view will be in doubt, according to Dow Jones Newswires technical analysis. Recent break above "neckline" resistance from inverse head & shoulders pattern suggested BHP was headed to A$42.00. But it has been unable to take off on increased volume above the neckline. A close below that line today at A$30.60 would suggest the pattern has failed. That would increase the risk of a fall to A$14.00, based on double top near A$50.00 and continued resistance from former support near A$32.00. But weekly momentum indicators are still rising with bullish divergence. And weekly MACD will give a major buy signal if BHP closes near current levels this week. Traders should consider waiting until Monday before taking a strong view on BHP. BHP down 2.8% at A$30.14, after falling to A$29.14. (DWR)
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- dj news: bhp needs to close above $30.60
dj news: bhp needs to close above $30.60
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Last
$39.62 |
Change
-1.130(2.77%) |
Mkt cap ! $200.9B |
Open | High | Low | Value | Volume |
$40.45 | $40.68 | $39.56 | $423.2M | 10.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4755 | $39.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.62 | 16874 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2955 | 39.610 |
24 | 17922 | 39.600 |
3 | 1345 | 39.590 |
4 | 12300 | 39.580 |
6 | 1745 | 39.570 |
Price($) | Vol. | No. |
---|---|---|
39.620 | 16874 | 1 |
39.630 | 20509 | 1 |
39.640 | 21064 | 1 |
39.650 | 25188 | 3 |
39.660 | 20889 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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