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.
Hi, and sorry for the absence - but you're right The head and...
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Last
$42.33 |
Change
0.230(0.55%) |
Mkt cap ! $214.9B | |||
| Open | High | Low | Value | Volume |
| $42.29 | $42.43 | $42.18 | $73.68M | 1.740M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4331 | $42.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.34 | 7264 | 22 |
View Market Depth
| Last trade - 12.49pm 29/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |