Hi guys,
Can't help but notice the similarities between the recent low and the low of Feb 2009.
Here are the similarities:
- fast stochastic pattern
- slow stochastic pattern
- negative divergence oscillation cycle
- The periods when the 9 and 12 EMA lines cross each other
In addition we have a MACD divergence confirmation.
The difference is the drop to the recent low spanned a bit longer than Feb's (slower speed angle). This may mean a longer span on the rise up.
Anyone have any ideas, technically or fundamentally, why BHP won't rise? Please discuss.
looks like history is repeating
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |