My brokers view
BHP broke out of downtrend line a few days ago and bumping into resistance at 38.30.
BHP has been lagging the ASX200 at the moment so put selling to take stock has been the favoured trade
I would wait for a clear break above 38.30 before buying calls, and would be adding on a break above $39.50
There is also a possible pennant break on BHP, which if it can pass it’s previous highs around $39.50 has a target of $44.00.
With a such a high technical target I think it’s better to wait for a clear break rather than preempt the break with bought calls.
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Last
$42.78 |
Change
0.140(0.33%) |
Mkt cap ! $217.0B | |||
| Open | High | Low | Value | Volume |
| $42.25 | $42.97 | $42.14 | $223.0M | 5.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10160 | $42.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.79 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |