No, you got me wrong.
I said, from a technical point of view, BHP is in a medium term downtrend.
The index breached critical support levels, which spells further downside.
Fundamentally, BHP and MBL are excellent companies, and have been sold down too much.
For interest, RIO was upgraded by citigroup today to a strong buy
This didn't help it.
But your purchase prices look extremely good. 34.66 is 1 cent off the day's low.
Now, in terms of downside target, the next support is 34, and that is quite significant, so unless we get another 350 pointer, then that should hold.
No, you got me wrong. I said, from a technical point of view,...
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Last
$40.86 |
Change
0.650(1.62%) |
Mkt cap ! $207.2B | |||
| Open | High | Low | Value | Volume |
| $40.65 | $41.02 | $40.32 | $321.8M | 7.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1456 | $40.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.87 | 1230 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |