Yes i see the 50% retrace support for BHP at 35 dollars. So in effect if the next leg down brakes below 35 to 34.50 that would be a confirmation of a downward trading pattern which has occured since the high around 38-39 dollars.
And if the price goes higher than 37 dollars in the next 2 weeks again it would confirm this upward support at 35 and a new upward trend is likely to develop or a retest as a mirror of the chart in a downward trend folding the chart back on itself.
Just did some research on the FIB, my numbers not perfect, but i get the gist of it.
Yes i see the 50% retrace support for BHP at 35 dollars. So in...
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |