or simply iron ore has rebounded and stopped falling like lead coupled with more confidence around evergrande and debt restructure.
iron ore went sub $100 like a lead balloon on the way down, now it’s rebounded significantly and around $110. So support stepped in the last couple of days for the share price, albeit from a fundamental view point it’s cheap, really cheap. So a rally is more likely than not unless another left field event occurs. So your chart shows support and then an uptick really based on fundamental changes in the sector.
CHARTS, page-14
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Last
$44.54 |
Change
0.450(1.02%) |
Mkt cap ! $225.8B | |||
| Open | High | Low | Value | Volume |
| $44.70 | $44.78 | $44.41 | $399.3M | 8.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14696 | $44.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.55 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$44.71 |
Change
0.450 ( 1.09 %) |
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| Open | High | Low | Volume | ||
| $44.66 | $44.78 | $44.41 | 860796 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| BHP (ASX) Chart |