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
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B |
Open | High | Low | Value | Volume |
$39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1696 | $38.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.46 | 24810 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1696 | 38.450 |
3 | 16272 | 38.440 |
1 | 500 | 38.430 |
3 | 6755 | 38.420 |
2 | 1745 | 38.410 |
Price($) | Vol. | No. |
---|---|---|
38.460 | 24810 | 1 |
38.480 | 1591 | 1 |
38.490 | 14238 | 1 |
38.500 | 11433 | 3 |
38.540 | 350 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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