Charts don’t really mean anything when the price of the commodity that drives a large portion of your earnings drops 20-30% in a week. Let alone revises estimates of earnings down (including my estimates). I was assuming average realised price of iron ore to be circa $120. I’ve revised that down to $90. Many analysts doing $80-85 now.
We could all be wrong and restocking by China causes iron ore to stay back at $120. This is the problem of a communist controlled country and why charts really don’t mean a thing here.
CHARTS, page-3
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Last
$43.36 |
Change
0.660(1.55%) |
Mkt cap ! $220.0B | |||
| Open | High | Low | Value | Volume |
| $42.59 | $43.56 | $42.45 | $592.5M | 13.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21 | $43.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.38 | 500 | 1 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |