BHP Weekly Chart with MACD

Submitted by Marco on 4 June, 2006 - 23:10

BHP weekly price chart with weekly MACD histogram

The BHP weekly price chart with weekly MACD histogram. Exciting isn’t it? There are four histogram peaks above zero. Three of the previous are more or less the same height with the most recent mound a much higher one. Connecting a trendline (not drawn) from the second peak to the recent peak creates a parallel line set with the overall chart trend. Is this a sign of things to come? Will the BHP price meet brokers expectations?
(Click on the chart for the larger version if you can’t see)

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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