Hi Kman,
I have a fib level (23.6%) at $11.32 which correlates with a resistance on your chart (the upper downward trend line on your chart).
$11.32 was tested late last week and the price fell away from this level. I think this is an important resistance point to get over if there is to be another rally.
The recent low of $10.67 was 38.2% retracement (using a base of $8.30 in early July)
If interest rates go up on Wednesday and there is more upward pressure on the dollar I think we might see $10.67 again
Christian
chart/bhp elliot waves, page-4
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Last
$40.55 |
Change
-0.350(0.86%) |
Mkt cap ! $205.7B | |||
| Open | High | Low | Value | Volume |
| $40.15 | $40.55 | $40.03 | $283.0M | 7.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | $40.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.55 | 7291 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |