BHP usually seems to gap up before it retreats. It did gap up and looked to have made a top just above $14. It will need to gap down for confirmation of a reversal. This move up seems to be into a highly overbought region. For some reason the whole market is on 'roids and doesn't want to come back to ground. Maybe if oil continues to soar above $50 then there will be a reason for the market to come back onto a more reasonable trading platform.
I don't know what targets people have for BHP but i thought $13.95 would have been sig. resistance. I actually thoguht that it would have gapped down today or yesterday but it hasn't. If it doesn't gap down tomorrow then we could be looking for a further rise into 14.30-14.50 ?
Good luck out there
this is getting a little heated for me.
kman
how high will it go, page-2
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 (20min delay)
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Last
$40.55 |
Change
-0.350(0.86%) |
Mkt cap ! $205.7B | |||
| Open | High | Low | Value | Volume |
| $40.15 | $40.55 | $40.03 | $283.0M | 7.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | $40.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.55 | 7291 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |