For BHP, the expected rise in a mini rally (still in the embryo stage as US has to give a consistent rally signal though oil price is seeming to drop lower)
is $ 43 maximum. (XAO - 5400-5500 expected)
Thereafter, it would fall to $ 31-36 along with major bluechips ( banks) to an ASX index (XAO) of 4800 and below. Buy everything at this time in August before the start of the reporting season.
As can be seen the energy stocks WPL, STO are really down and during ASX fall, these stocks would go up (unfortunately oil may go up again as this should be the main trigger for a fall in the market).
Hope this happens - based on Elliott wave model - this prediction has come to be reasonably true.
Sara (I am not a financial advisor)
bhp settles iron ore price with baosteel , page-102
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Last
$42.92 |
Change
0.290(0.68%) |
Mkt cap ! $218.4B | |||
| Open | High | Low | Value | Volume |
| $42.95 | $43.20 | $42.85 | $58.79M | 1.366M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 872 | $42.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.93 | 425 | 6 |
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| Last trade - 11.22am 06/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |