adjames
The only way to correctly read/interpret a stock chart, is to adopt the mindset of a CSI.
You follow the evidence, not the emotion.
I use a term called "failure parabolics".
My Monthly BHP chart "shows" just such a pattern and the result is always not good.
Balance this pattern with THREE consecutive Stochastic dips, each one lower than the last and you get to where we are now.
The last dip reached 2.29% on 30th September. This is a clear sign that a sharp downtrend has begun.
Tech analysis is not guesswork and you'll understand what i've been saying very, very soon.
adjamesThe only way to correctly read/interpret a stock chart,...
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |