Just though I'd do a Goldie Locks and jump in before the Bears woke up...lol
All 3 charts are looking Bullish Imo.
The Daily has a Inverse H&S forming the right shoulder ATM with a target of $40.50 issh depending on which neckline you use? I'm favoring the top one,50D/30D MA's have just crossed and the Zero Lag Macd is about to throw another Buy Signal and the other Inds have further to go.
On the Weekly there is a Pennant with a similaur target so they tend to back each other up..imo
Weekly 7D/14D MA's are also about to cross,apart from the Stochastic's all other Inds have further to go as well so a break above the 200D EMA is important wich it just did but only by a Bee's you know..imo.
Monthly charts show a Candle Bottom check last 2 candles with most Inds showing oversold and about to turn..imo
So it could be a good start to the year fingers crossed the SP500 & DOW are also looking Bullish Imo..
I hope you all had a happy and safe break.
Cheers Pete
Daily
Weekly
Monthly
1st chart of the year
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $221.5B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |