You guys might not like that chart i posted that points to the $16 target & it might seem completely unreasonable for BHP to trade at that level - but we have seen it all before, nobody believed it could get as low as it did last time or many other stocks for that matter & there were plenty of harsh words dealt in denial BUT the charts did point there in the past. FWIW if you want something to weigh in against it the indexes have targets that would similarly imply that $16 target to play out - XJO just above 3,000 points is not unreasonable to expect as is RIO below $30.
Of course things can change but at present the weight is towards the downside & significant at that.
Carefull things can always get cheaper I'd rather buy something with a confirmed low than buying on what we "perceive" as stupid prices & bargains of a lifetime.
bhp price traget 16, page-38
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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 |