hi bella81.
i feel there should be a pull back soon but a possible pull back should only be looked at as another area to buy.
there are a number of fib resistance levels between now and your $55 target.
the sp is at present walking the top bollinger band on the daily chart and now hit the top bollinger band on the weekly chart so once again a pull back is on the cards.
the last 3 trading days has seen good volume.
today at present we are in a tight trading range so we could be forming a inside day today, if so where the sp closes friday is very important for short term traders.
a break to the downside (out of this possible inside day) friday could see the sp trend down to the .382 support fib of 46.51.
a break to the upside friday (out of this possible inside day) could see the sp walk the weekly top bollinger band up to the .618 fib extension target $48.75.
below is a old chart using bollinger bands and inside days as possible turning points.
have a good one.
582
![]()
- Forums
- ASX - By Stock
- BHP
- pull back today?
pull back today?, page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$41.19 |
Change
-0.370(0.89%) |
Mkt cap ! $208.8B |
Open | High | Low | Value | Volume |
$41.38 | $41.53 | $41.15 | $305.6M | 7.403M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 802 | $41.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.25 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 4413 | 43.240 |
4 | 2473 | 43.200 |
5 | 2539 | 42.740 |
6 | 1839 | 42.500 |
1 | 250 | 42.420 |
Price($) | Vol. | No. |
---|---|---|
37.080 | 3230 | 3 |
39.000 | 2663 | 16 |
39.140 | 17904 | 8 |
39.940 | 448 | 1 |
39.950 | 939 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |