BHP 0.37% $43.40 bhp group limited

monday, page-3

  1. 7,728 Posts.
    Good morning everyone. A few charts to consider:

    Very hard to pick direction, with charts offering up much to consider.

    Daily indicators suggest a down movement.

    The weekly is mixed, but the stochastc shows way over-bought and heading south, while chaikin money flow looks to be heading into positive.

    The monthly offers more hope, with indicators at the bottom where uptrends start.

    However, stochastics can spend days or weeks at overbought/oversold levels with simultaneous divergence in price.

    So, looking to the Dow for direction, that's more encouraging, with indicators bottoming looking to head up.

    The Dow has a turn date on Wednesday, which may give a clue.

    So by the end of the week we should know in which direction we head.


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