I remember spotting a diamond pattern with a downside breakout on WBC at $26.75 and calculating the downside target of $22 (after it had already fallen from $31.40) and thinking: "well that can't be right, that would put it on a forward PE of 9".
WBC has just rebounded off $19.
My current downside target on BHP is $33, but this market has put plenty of solid companies on sub-10 PEs on the basis that "we don't know about that e part of the PE". Rationality goes out the window in a bear market, just ask Phil Green.
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Last
$39.40 |
Change
0.585(1.51%) |
Mkt cap ! $199.5B |
Open | High | Low | Value | Volume |
$39.19 | $39.77 | $39.10 | $187.2M | 4.733M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 2105 | $39.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.40 | 2097 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
35 | 8113 | 39.400 |
11 | 4479 | 39.390 |
14 | 5858 | 39.380 |
16 | 4927 | 39.370 |
16 | 4612 | 39.360 |
Price($) | Vol. | No. |
---|---|---|
39.410 | 11319 | 34 |
39.420 | 2193 | 5 |
39.430 | 2552 | 10 |
39.440 | 2978 | 9 |
39.450 | 3818 | 9 |
Last trade - 14.02pm 13/09/2024 (20 minute delay) ? |
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BHP (ASX) Chart |