I think this sell off is overdone. Next couple of days should provide a good entry signal.
The demand from China will still be there. The fact that they have slowed growth a little shouldn't have a dramatic effect on Aussie exports. I think they did that so their property bubble doesn,t burst. I reckon their report will be a positive one too. Looking for a bounce off $39-$39.50.
Regards,
Foz
broken down, page-7
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Last
$43.90 |
Change
0.620(1.43%) |
Mkt cap ! $222.7B | |||
| Open | High | Low | Value | Volume |
| $43.28 | $44.06 | $43.25 | $361.0M | 8.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 508 | $43.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.90 | 5100 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |