J_Clark
Here is the weekly BHP chart.
I can see further downside from the technical aspect, the $32 level you are referring to is the 38.2% fibonacci retracement level as I see it.
The weekly MACD is still very much bearish at the moment.
Right now it is clinging to the 23.6% fib level, so I expect some support here for a while. In fact it could bounce back to $42 before resuming the downtrend.
If this current level breaks there is trendline suport in the $37 area.
If that breaks then $32-50 could well be the next target.
Does make BHP very attractive at that price.......
Chart looks like this
Cheers
Commy![]()
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- bhp : support at 37.62
bhp : support at 37.62, page-20
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Last
$42.22 |
Change
0.120(0.29%) |
Mkt cap ! $214.6B |
Open | High | Low | Value | Volume |
$42.29 | $42.43 | $42.18 | $133.9M | 3.166M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 4467 | $42.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.22 | 12695 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1107 | 42.220 |
22 | 5517 | 42.210 |
18 | 31771 | 42.200 |
15 | 4240 | 42.190 |
14 | 7597 | 42.180 |
Price($) | Vol. | No. |
---|---|---|
42.230 | 11350 | 44 |
42.240 | 7817 | 20 |
42.250 | 8640 | 22 |
42.260 | 14719 | 17 |
42.270 | 4693 | 9 |
Last trade - 15.12pm 29/07/2024 (20 minute delay) ? |
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BHP (ASX) Chart |