Robb: That should have been I hope your trade pays off.
Horsetrader: Squeezing together of bands usually indicates a big move out of the current range.
We've had price in a narrow $3 range $36-39) for a month, and the bands suggest things are about to change.
Bands then widen, and the price, if bullish, simply follows the expanding band up...or, if bearish, follows the expanding lower band down.
Prices can fall outside the bands, and different stocks react differently to that. With BHP, it means a move back inside within a day or so and sometimes a change in direction.
Major reversals have been in January and March last year, and November last year with prices outside the bands.
Have a look at your charts
oversold, page-8
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$43.90 |
Change
0.500(1.15%) |
Mkt cap ! $222.1B | |||
| Open | High | Low | Value | Volume |
| $43.95 | $43.95 | $43.62 | $87.43M | 1.995M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5882 | $43.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.91 | 1102 | 14 |
View Market Depth
| Last trade - 12.42pm 15/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |