-----The GOOD, the BAD....the UGLY -----
The GOOD
*Fundamentals could not be better. And at 2009 earnings and today's PE ratio, SP would be $70+
*With the exception of Wednesday,all candles this week are green, indicating the price has bounced off its low to close higher.
*SP has held above $41.70, the 50% Fibonacci retrace drawn between March low and May high
*Worth repeating, Fundamentals could not be better.
The BAD
*Even though we are closing near the day's highs, price is falling, from a high near $46 on Tuesday.
*BHP is being lumped in with the general sick market
*SP is below the 9, 20, 60 day trend line
The UGLY
*Every day the chart looks more like a head and shoulder formation
*SP is now BELOW the line from March low to June 6 low
*Indicators are negative
*Parabolic SAR indicated a SELL today for the first time since May 21.
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 (20min delay)
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B | |||
| Open | High | Low | Value | Volume |
| $42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 176 | 109821 | $41.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.80 | 17792 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |