A traditional line for support buying is in fundamental terms a life line of maintaining a fiction.
BHP will fall to $20 and below because it like many other stocks is currently overvalued. The Boom we experience is a part of a cycle. And there is always a component called 'speculative' or 'goodwill' in all of these during the good times calculated on an assumption that there is no end in sight or the good times last infinately.
A traditional line for support buying is in fundamental terms a...
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Last
$44.48 |
Change
-0.290(0.65%) |
Mkt cap ! $225.9B | |||
| Open | High | Low | Value | Volume |
| $44.52 | $44.68 | $44.43 | $70.50M | 1.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2330 | $44.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.49 | 4644 | 12 |
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| Last trade - 12.48pm 05/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |