rob
It's the position of the MACD that tells me that next week is just another "dead cat bounce" if it occurs.
The stats on BHP are just too nasty today and my chaikin money flow is on the deck.
From now, chaikin money flow rises, as the stock falls and the best low is usually when this indicator has really peaked in line with "peak panic" and we're not there yet.
Next week appears to me to be just a "ledge" on the waterfall.
My LOW on the chart comes in the first few days of December
and I won't state my target low, because no one will believe it.
Remember my MACD Buy / MACD Up PUT signals?
They ARE for real, and show up at the BEGINNING of a major trend, and that started on the 17th, so this trend has legs and "a breather" is quite normal.
robIt's the position of the MACD that tells me that next week is...
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Last
$43.28 |
Change
-0.460(1.05%) |
Mkt cap ! $219.6B | |||
| Open | High | Low | Value | Volume |
| $43.36 | $43.42 | $43.24 | $67.01M | 1.546M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 6268 | $43.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.29 | 1139 | 11 |
View Market Depth
| Last trade - 11.35am 10/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |