There was a report on bloomberg.com re prices for new coal contracts of 79% above current prices. I figure BHP will continue its uptrend once it breaks out of $14.40 resistance. Latest share movements show good support around $14.00 Im long and looking at $15.oo level over the next few weeks /months due to confirmation of way higher coal and iron ore prices and oil staying above $40 a barrel long term. BHP is a well run company with many growth prospects an heaps of cash to fund expansion IMHO and will continue a long term uptrend.
cheers
There was a report on bloomberg.com re prices for new coal...
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Last
$43.65 |
Change
0.490(1.14%) |
Mkt cap ! $221.3B | |||
| Open | High | Low | Value | Volume |
| $43.33 | $43.65 | $43.18 | $216.8M | 4.982M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 379 | $43.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.66 | 18948 | 8 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |