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
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Last
$44.05 |
Change
0.150(0.34%) |
Mkt cap ! $223.3B | |||
| Open | High | Low | Value | Volume |
| $44.14 | $44.23 | $43.78 | $364.1M | 8.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $44.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.06 | 16778 | 5 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$43.95 |
Change
0.150 ( 0.56 %) |
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| Open | High | Low | Volume | ||
| $44.10 | $44.23 | $43.78 | 2407471 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| BHP (ASX) Chart |