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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HP (BHP.AU) needs to close above A$30.60 today or recent bullish...
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Last
$43.02 |
Change
-0.130(0.30%) |
Mkt cap ! $218.8B |
Open | High | Low | Value | Volume |
$42.71 | $43.02 | $42.69 | $74.00M | 1.713M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2005 | $43.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.02 | 3914 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 3438 | 42.910 |
8 | 3395 | 42.900 |
10 | 4873 | 42.890 |
10 | 2816 | 42.880 |
15 | 6715 | 42.870 |
Price($) | Vol. | No. |
---|---|---|
42.920 | 1611 | 8 |
42.930 | 2284 | 9 |
42.940 | 5352 | 11 |
42.950 | 2927 | 7 |
42.960 | 2883 | 6 |
Last trade - 10.22am 28/06/2024 (20 minute delay) ? |
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BHP (ASX) Chart |