Okay here's an interesting point....
When a stock or index is bouncing off a low, if it is turned back down by the 1/4 mark of the range down, that holds the downtrend in a strong position.
So yesterday's low was $27.85 which was $5.31 below the 7 Jan high ($33.16). 1/4 of $5.31 is $1.33 which when added to yesterday's low price gives the 1/4 mark as $29.18.
Today's high was 8 cents off and it turned down.
That holds the move down off the high in a strong position.
I'm staying short.
which way now, page-32
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Last
$38.81 |
Change
-0.530(1.35%) |
Mkt cap ! $196.9B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.86 | $38.46 | $405.6M | 10.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13092 | $38.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.84 | 500 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |