BHP Daily Volume

Submitted by Marco on 4 June, 2006 - 23:32

BHP Billiton daily chart with volume

BHP Billiton daily chart with volume. I’ve drawn two clear support lines. The most recent support line is established from the inverted hammer. However recent support may be higher around the region of [B] as a result of the higher volume at [A]. (Click on the chart for the larger version if you can’t see)

Note how inverted hammers are not always a sign of a trend reversal pointed out by [D] and [C]. It worked on the 28th of April where a red inverted candle with increased volume led to a trend reversal.

You can find more weekend analysis of BHP for the end of Week 22 2006 here:
BHP Daily Volume
BHP Daily MACD Histogram
BHP Weekly Chart
BHP Weekly Log Chart
BHP Weekly Chart with MACD

BHP Billiton is listed on the Australian Stock Exchange (ASX) under stock code BHP. Check your charts!

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