Charts don’t really mean anything when the price of the commodity that drives a large portion of your earnings drops 20-30% in a week. Let alone revises estimates of earnings down (including my estimates). I was assuming average realised price of iron ore to be circa $120. I’ve revised that down to $90. Many analysts doing $80-85 now.
We could all be wrong and restocking by China causes iron ore to stay back at $120. This is the problem of a communist controlled country and why charts really don’t mean a thing here.
CHARTS, page-3
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$42.41 |
Change
0.030(0.07%) |
Mkt cap ! $215.0B | |||
| Open | High | Low | Value | Volume |
| $42.50 | $42.65 | $42.22 | $486.6M | 11.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 12579 | $42.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.45 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$42.40 |
Change
0.030 ( 0.01 %) |
||||
| Open | High | Low | Volume | ||
| $42.64 | $42.65 | $42.22 | 1987414 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BHP (ASX) Chart |