Hi mongombolo
This is what BHP's price action looks like to me atm.
Chart1: Daily OHLC showing trend lines, 115 Day Elliott Wave, possible double bottoms & speed angle projections. If cupport at ~$36.65 is broken the levels shown by the 115 Day Elliott Wave 4 projection come into play. Although no longer at 'overbought' levels the slow Stochastic Indicator features two bearish crosses [one below 80 & a second between the stochastic & its moving avg].
Chart2: Swing Charts for BHP - 1 day version & 2 day version. For 1 Day swing the trend is uncertain since the ranges up & down have expanded. For a 2 day swing the trend is down.
Chart3: 1 Week Swing Chart. Trend likely to be UP & may flag a significant move to the upside.
Chart4: BHP's ADR for Aug18, 2009. IMO worth noting that the ADR has retraced to the 50% Fib level based on the low of Nov 2008 & that price has been ascending in a bullish channel.
no demand driving prices down, page-17
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Last
$43.67 |
Change
0.270(0.62%) |
Mkt cap ! $221.4B | |||
| Open | High | Low | Value | Volume |
| $43.95 | $43.95 | $43.62 | $217.0M | 4.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8935 | $43.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.70 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |