Hi mongombolo
As with most people, I do hope it that it will reach that target. However I can't help but notice a long term bear wedge formation happening.
It is also mentioned before in this forum that the S&P200 is on a 1st leg up, with an upcoming trend downwards before the real bull kicks in.
So gathering from the analysis of these forums I see 2 things that could happen.
1. The SP breaks resistance (finally) and reaches for 42 before a drop back to the resistance, which then would be the new support.
2. The SP breaks support to compliment the S&P bearish speculation, then a reversal long bull rally a month to a couple of months later.
$42 target, page-2
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Last
$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5770 | $42.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 2807 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |