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)
- Forums
- ASX - By Stock
- BHP
- dj news: bhp needs to close above $30.60
dj news: bhp needs to close above $30.60
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$44.39 |
Change
-0.380(0.85%) |
Mkt cap ! $225.1B |
Open | High | Low | Value | Volume |
$44.52 | $44.68 | $44.21 | $228.3M | 5.147M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 93 | $44.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.40 | 13049 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 185 | 44.300 |
2 | 3000 | 44.230 |
2 | 10500 | 44.220 |
3 | 1054 | 44.210 |
8 | 4179 | 44.200 |
Price($) | Vol. | No. |
---|---|---|
44.400 | 700 | 1 |
44.500 | 519 | 4 |
44.580 | 1600 | 2 |
44.600 | 1909 | 4 |
44.650 | 200 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |