Hi, and sorry for the absence - but you're right
The head and shoulders is not valid. However, good observation.
What is important, is that the primary uptrend could be failing, as what you have seen is a lower high, and a lower low. This designates the possibility of a trend reversal if anything.
But the presence of the "broken neck" and downside target is not valid for the pattern you've identified.
From a charting perspective, the downtrend is still intact, with a price target of $34.
still on an upward trend, page-12
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$42.22 |
Change
0.120(0.29%) |
Mkt cap ! $214.6B | |||
| Open | High | Low | Value | Volume |
| $42.29 | $42.43 | $42.18 | $136.5M | 3.226M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 463 | $42.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.22 | 15743 | 32 |
View Market Depth
| Last trade - 15.24pm 29/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |