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
Hi Kman,I have a fib level (23.6%) at $11.32 which correlates...
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Last
$43.65 |
Change
0.490(1.14%) |
Mkt cap ! $221.3B | |||
| Open | High | Low | Value | Volume |
| $43.33 | $43.65 | $43.18 | $216.8M | 4.982M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 379 | $43.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.66 | 18948 | 8 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |