As for the EW, i think we have just completed the ABC, but some will argue we have now completed EW 4 and are heading to W5 i dont agree though .
Prior to CBA falling over i was stating my concerns and it came true with a thud. The reason was the long period of sideways movement which anaylsts were calling as a strong base. I consider it to be a fatal base becasue there was no secondary support once it broke lower. I hope the charts highlight why i think the 20 low for BHP will now offer huge support as its a secondary support of the upper trend line ??
question for ew gurus, page-9
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Last
$43.10 |
Change
-0.460(1.06%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.11 | $43.13 | $43.10 | $19.94M | 460.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 16771 | $43.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.12 | 419 | 5 |
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| Last trade - 10.00am 12/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |