Hothead
Yes it does look sick for BHP.
The next few months seem critical.
Hopefully BHP falls sharply and so then can have a prolonged up move.
If it doesn't fall sharply then a plunge is delayed or just many years sideways IMO.
It seems pretty obvious that the news for BHP can't get better, so all the expectations are built in and the only surprise will be dissappointments.
Costs will soar and growth in China can only decrease from the unsustainable rates seen at the moment.
Yes, China is the US of 100 years ago, but study those US boom and bust times.
12 month chart, page-10
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Last
$40.67 |
Change
-0.270(0.66%) |
Mkt cap ! $206.2B | |||
| Open | High | Low | Value | Volume |
| $40.68 | $40.79 | $40.53 | $235.7M | 5.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $40.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.68 | 8347 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |