re: back up with comments Wilf, nice to have some genuine analysis for a change. The problem with BHP is that you have to look at more than one chart. You also have to look at a chart for BHP in the UK (they are broadly similar but obviously with different resistance/support levels) and more importantly, the base metal charts, in particular copper. These can lead it in unexpected directions, as the 2 false breaks below 24.40 recently testify.
A broken uptrend doesn't always mean the beginning of a downtrend, it can also mean the beginning of a period of range-bound trading, and the range that BHP has defined recently is huge. fromthefuture claimed fairly recently he had a chart which could predict that support would be broken, a claim which makes no sense from a TA point of view. Support supports, until it is broken, and a chart only tells you something once one of those two outcomes has occurred (the two false breaks mentioned above would have been a bit of a bear trap to genuine shorters, today's open may be a chance for them to sell at a profit).
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Last
$39.53 |
Change
0.720(1.86%) |
Mkt cap ! $200.4B |
Open | High | Low | Value | Volume |
$39.19 | $39.77 | $39.10 | $144.1M | 3.641M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 657 | $39.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.53 | 1873 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 919 | 39.510 |
12 | 6039 | 39.500 |
18 | 8074 | 39.490 |
10 | 2818 | 39.480 |
8 | 3472 | 39.470 |
Price($) | Vol. | No. |
---|---|---|
39.520 | 505 | 5 |
39.530 | 5378 | 20 |
39.540 | 2315 | 12 |
39.550 | 2100 | 4 |
39.560 | 2240 | 7 |
Last trade - 12.36pm 13/09/2024 (20 minute delay) ? |
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