At $34 there is obvious resistance at old support and $35 is a 50% bounce.
Surely any thoughts of returning to $50 any time soon is implausable.
That suggests probably years of sideways action IMO.
So the traders will have the advantage over the buy and holders for some time.
I was hoping for a October low leading to a rally top in April to continue the 1/2/3/4/5/6 etc month sequence of moves back to mid 2007.
The longer term indications were for a Oct/Nov low like 1991/2 and Nov was the lowest as it was then.
Since there was a good low in Oct even though not the final low, I would still be watching April if things hold up.
At $34 there is obvious resistance at old support and $35 is a...
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Last
$38.81 |
Change
-0.530(1.35%) |
Mkt cap ! $196.9B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.86 | $38.46 | $405.6M | 10.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13092 | $38.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.84 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |