HP (BHP.AU) needs to close above A$30.60 today or recent bullish technical view will be in doubt, according to Dow Jones Newswires technical analysis. Recent break above "neckline" resistance from inverse head & shoulders pattern suggested BHP was headed to A$42.00. But it has been unable to take off on increased volume above the neckline. A close below that line today at A$30.60 would suggest the pattern has failed. That would increase the risk of a fall to A$14.00, based on double top near A$50.00 and continued resistance from former support near A$32.00. But weekly momentum indicators are still rising with bullish divergence. And weekly MACD will give a major buy signal if BHP closes near current levels this week. Traders should consider waiting until Monday before taking a strong view on BHP. BHP down 2.8% at A$30.14, after falling to A$29.14. (DWR)
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- dj news: bhp needs to close above $30.60
dj news: bhp needs to close above $30.60
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Last
$38.48 |
Change
-0.430(1.11%) |
Mkt cap ! $195.1B |
Open | High | Low | Value | Volume |
$39.00 | $39.07 | $38.28 | $213.5M | 5.507M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1156 | $38.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.48 | 5840 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 775 | 38.470 |
15 | 3028 | 38.460 |
20 | 6160 | 38.450 |
10 | 11454 | 38.440 |
15 | 8286 | 38.430 |
Price($) | Vol. | No. |
---|---|---|
38.480 | 5840 | 22 |
38.490 | 10561 | 15 |
38.500 | 5280 | 14 |
38.510 | 4742 | 11 |
38.520 | 3932 | 9 |
Last trade - 15.10pm 06/09/2024 (20 minute delay) ? |
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BHP (ASX) Chart |