BSL 2.86% $20.52 bluescope steel limited

chartists please, page-6

  1. 228 Posts.
    Not a charting opinion, but as a holder here is my 2c.

    Notice that the share buyback has paused. I haven't seen anything about this in announcements, I am guessing either:
    - company will only buyback at certain price levels (eg below $5.40), or
    - having just reached $150m of shares bought back, they have spent the capital allocated to the buyback, and will not continue.

    Aegis downgraded to Sell last week, saying the valuation is looking stretched.

    I am still holding half, but will be watching for a turnaround to sell. The rest of the market is appreciating rapidly, so there are good opportunities in other stocks. I am not sure BSL has much farther to go, but will continue to hold while it's going up.
 
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Last
$20.52
Change
0.570(2.86%)
Mkt cap ! $9.030B
Open High Low Value Volume
$20.23 $20.56 $20.18 $40.14M 1.957M

Buyers (Bids)

No. Vol. Price($)
1 4944 $20.44
 

Sellers (Offers)

Price($) Vol. No.
$20.58 14967 1
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
BSL (ASX) Chart
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