BHP "daily trend chart" indicates SP Trend as an undefined low level upwards trend which is something I would not trade or be optimistic about.
The "weekly trend chart" is a very defined SP downward trend.
Looking at the US listed BHP shares - Both daily and weekly SP trends are a very sharp down trend (US BHP Support USD$60.88 Resistance USD$71.06)
UK listed BHP shares are similar down trend but not as sharp as the US (Support 1677.87 Resistance 2038.78) and considering UK market closes before the US.
With the US DOW and SP500 down something like 2.5% to 2.88% and materials down 2.47%, upcoming Australian election and overall weakness in commodity prices, BHP is looking like it will test the support level of $36.32 or 10 day trading range of $36.87 unless some positive news comes out of the US or Au.
Support ($36.32) and Resistance ($40.13) remains unchanged for week ending 16/07/2010
where is it going, page-6
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Last
$41.63 |
Change
-1.770(4.08%) |
Mkt cap ! $211.2B | |||
| Open | High | Low | Value | Volume |
| $42.00 | $42.20 | $41.58 | $447.3M | 10.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1239 | $41.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.63 | 14534 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |