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
$41.64 |
Change
-0.120(0.29%) |
Mkt cap ! $211.1B | |||
| Open | High | Low | Value | Volume |
| $41.75 | $41.77 | $41.35 | $254.3M | 6.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16260 | $41.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.66 | 8400 | 2 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |