Good to see you charting and posting Abender. You make some valid observations. I posted a similar chart last week, (below).
Your dark line is where the price has to break through to fill the gap to $34.24 .
Friday the 13th should be a turn date.
That would be consistent with a 50% fib retrace from yesterday's high, which takes the price to around $30.50.
---BUT---
An alternative is to rise up again until Friday and THEN have a larger retrace.
Good to see you charting and posting Abender. You make some...
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Last
$40.67 |
Change
-0.270(0.66%) |
Mkt cap ! $206.2B | |||
| Open | High | Low | Value | Volume |
| $40.68 | $40.79 | $40.53 | $235.7M | 5.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $40.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.68 | 8347 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |