hi all.
i have bhp as in a confirmed downtrend on the daily chart but what has got me interested today is the sp is now between 2 strong fib support levels, .382% fib 46.89 and a .618% fib 46.31.
with the weekly still in a confirmed uptrend, today could be a nice enter point for a possible run up to 47.85 then even 48.59.
one possible trade could be the $47 april calls options now trading at .35c.
as a trader it is hard buying on a confirmed downtrend but it is one of my strategies at times buying on support fibs.
just my 2 cents worth
bonsai.
have a good one.
582
share price, page-19
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Last
$40.28 |
Change
-0.740(1.80%) |
Mkt cap ! $204.4B | |||
| Open | High | Low | Value | Volume |
| $40.57 | $40.59 | $40.06 | $159.3M | 3.948M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3200 | $40.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.29 | 2560 | 15 |
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| Last trade - 13.50pm 08/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |