There's no doubt the SP is at a turning point --upwards or downwards.
On intraday charts when the moving averages align like this close up of the daily, it's a very bullish signal.
It will take probably one day to confirm direction either way.
The shorter-term moving averages can either cross up...or they can do a u-turn down.
Irrespective, IMO, the retrace is either finished, or has a couple of dollars to go... and then the rally continues north for months.
is the commodity boom over?, page-67
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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 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |