First "overall the trend is down on BHP" then
"that long term uptrend line is looking more and more of a chance that it will break down" ??????
Which trend is more likely to prevail you may ask - the short term downtrend or the longer term uptrend
Odds tend to favour the trend that has been in place the longest
The bullish candle today indicated respect for the bottom trend line and therefor respect for the longer term uptrend
Hard to be too bearish in the face of such evidence
"It looks like it might break below" is not the same as "it did break below"
I am still long in BHP call warrants at this stage
Cheers
stock direction, page-7
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Last
$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B | |||
| Open | High | Low | Value | Volume |
| $39.19 | $39.87 | $39.10 | $371.9M | 9.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10101 | $39.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.60 | 18075 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |