hi all.
so where is support????????????
i have 2 main fib support lines, one at $39.46 the other $36.37.
if we find support at around the $39.46 area, then a trend up to close gap 2 could be on the cards. that move will also be supported by the lower support line.
one concern i have is the macd has broken support.
the 2rd chart i posted on the 16/1/2010, you can see the bearish divergence in the macd on the weekly aus200 chart, this diverence is now in play
i feel the bull run from march 09 until now has finished and we could be going into a EW corrective wave pattern.
my weekly bhp chart looks to be in better condition than the aus200chart, which makes me think BHP could out perform in a overall down trending market.
DYOR. that is my 2c worth.
have a good one.
582
broken down, page-10
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Last
$40.01 |
Change
-0.540(1.33%) |
Mkt cap ! $203.0B | |||
| Open | High | Low | Value | Volume |
| $40.52 | $40.63 | $40.01 | $261.2M | 6.492M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 21029 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.02 | 15000 | 1 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |