BHP Group Ltd forms bullish "Island Bottom" chart pattern
Sep 05, 2022Trading Central has detected an "Island Bottom" chart pattern formed on BHP Group Ltd (BHP:ASX). This bullish signal indicates that the stock price may rise from the close of37.91.
Tells Me: The recent decline has reached a bottom, signaling a (minor) reversal to the upside.
An Island Bottom forms after a sustained downtrend, as a narrow trading range develops that is separated from the previous price action by first an exhaustion gap and then a breakaway gap.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
BHP Group Ltd forms bullish "Island Bottom" chart patternSep 05,...
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Last
$41.85 |
Change
0.340(0.82%) |
Mkt cap ! $212.4B | |||
| Open | High | Low | Value | Volume |
| $41.86 | $42.39 | $41.81 | $414.7M | 9.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 478 | $41.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.86 | 12291 | 2 |
View Market Depth
| Last trade - 16.15pm 23/07/2025 (20 minute delay) ? |
| BHP (ASX) Chart |