Looking at how price has behaved since the 21 Nov low:
- the first thrust was $11 in 7 days.
- the second thrust was $6.20 in 12 days.
- the third thrust was $5.22 in 15 days.
This pattern shows a loss of momentum with each rally being smaller in price and longer in time.
Agree with Robbbbbbb a lower high next week around $32 and a bit would be the target now for a big safe short position to open.
Then we can look forward to the following Wednesday to learn what has really been happening on the front line.
uptrend resumes?, page-34
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Last
$43.90 |
Change
0.620(1.43%) |
Mkt cap ! $222.7B | |||
| Open | High | Low | Value | Volume |
| $43.28 | $44.06 | $43.25 | $361.0M | 8.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 508 | $43.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.90 | 5100 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |