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
$44.53 |
Change
0.480(1.09%) |
Mkt cap ! $225.8B | |||
| Open | High | Low | Value | Volume |
| $44.70 | $44.75 | $44.47 | $276.9M | 6.210M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13478 | $44.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.54 | 1597 | 3 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$44.54 |
Change
0.480 ( 1.37 %) |
||||
| Open | High | Low | Volume | ||
| $44.70 | $44.74 | $44.48 | 1604529 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| BHP (ASX) Chart |