With BHP oversold at last Friday's level, I would have expected the price to revisit the $36 mark ex-dividend of 55 cents today.
Instead, we have a lower low threatening to close the gap down to the $35 mark. ($35 is the 50% fib all time high $50 and GFC low $20).
The bull case here is that price gapped down below last support and so far is forming what may well be a morning star reversal (up)on above-average volume.
Stochastic, and RSI especially are at levels from where price tends to bounce.
Fib: more or less around the 38.2% down from July low.
mitigating is the candle slightly outside the trendline.
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Last
$42.64 |
Change
-0.470(1.09%) |
Mkt cap ! $216.3B |
Open | High | Low | Value | Volume |
$43.18 | $43.19 | $42.46 | $396.4M | 9.284M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19272 | $42.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.65 | 6614 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19272 | 42.630 |
1 | 35676 | 42.620 |
1 | 23 | 42.600 |
1 | 35676 | 42.570 |
3 | 5765 | 42.550 |
Price($) | Vol. | No. |
---|---|---|
42.650 | 6614 | 2 |
42.680 | 6614 | 1 |
42.700 | 7535 | 3 |
42.710 | 535 | 1 |
42.720 | 6614 | 1 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
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BHP (ASX) Chart |