STMS,
Nice work on the 60 min chart.
Heres my interpretation on the daily.
Wave 4 completed with an "over throw" (i think thats what they call it) above the $32 resistance.
IMO subwave 1 of Wave 5 is completed, note that it is a 5 wave impulse downwards (and labelled as such) suggesting that the over all trend is still down.
I am now looking for a pullback to your 50% retracement mark (30.60 or there abouts) to complete wave2...a corrective 3 wave abc type move would be the simplest correction of wave1.
Further downside after that, we wont see $32+ for a while.
which way now, page-45
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Last
$40.36 |
Change
0.290(0.72%) |
Mkt cap ! $204.7B | |||
| Open | High | Low | Value | Volume |
| $40.02 | $40.61 | $39.93 | $213.6M | 5.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 46059 | $40.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.37 | 15988 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |