Dunno rodster, my $34 support was obliterated in a spectacular fashion.
We can only hope that the selling has now stopped.
But if I were to choose a miner to buy, it'd be RIO. its $20 bucks + down from its highs, and way oversold.
In reality, BHP has held up far better than all the other miners.
I sincerely hope we don't see $32, and I just don't see that as a near term reality - however, I bought BHP the other day, and I was dubious about my initial $34 target a few weeks ago after 35.50 was tested. But hey...you never know.
What I would also like to know, is where are all those dudes from about a month ago who thought BHP would never hit 35 again? They were so sure...
In any case, lets just hope that this is a correction and not the start of a bear market.
The 200dsma has been broken, and that is a good indication of the start of a bear market if you believe history.
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Last
$39.53 |
Change
0.290(0.74%) |
Mkt cap ! $200.5B |
Open | High | Low | Value | Volume |
$39.55 | $39.67 | $39.39 | $244.7M | 6.188M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $39.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.55 | 5350 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 39.510 |
14 | 11961 | 39.500 |
2 | 8949 | 39.470 |
1 | 4000 | 39.460 |
2 | 1000 | 39.450 |
Price($) | Vol. | No. |
---|---|---|
39.550 | 5350 | 2 |
39.620 | 300 | 1 |
39.630 | 1550 | 2 |
39.650 | 8922 | 10 |
39.660 | 324 | 2 |
Last trade - 16.10pm 04/02/2025 (20 minute delay) ? |
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BHP (ASX) Chart |