As I am currently shorting this stock,I would love to see it drop to $20 & fast, but judging by recent days where it has resisted bad international news stories etc, I doubt it will get anywhere near $20 in the near future.
At worst (best for me!) it may touch $26 imo & thats only if upcoming quarterly report on 21 Jan & interim results shortly after are bad, which they could easily be,but I would be very nervous holding a big short at that time.
As far as going long goes,I think its likely to just bounce around for months & months between $28 - $32.If it does,astute traders can make money out of that margin.
As always there will be some stocks that have huge percentage gains on rumours of takeover or big mineral finds,but it's a bear market & imo most stocks could flatline for ages.I dont think BHP is likely to have huge percentage gains short term & I wouldnt be rushing in tomorrow to buy any unless I have to cover my short which could be on the cards if some knowledgable chartists on this site are correct in their predictions.
As I am currently shorting this stock,I would love to see it...
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Last
$42.07 |
Change
-0.030(0.07%) |
Mkt cap ! $213.3B | |||
| Open | High | Low | Value | Volume |
| $42.29 | $42.43 | $42.07 | $244.2M | 5.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $42.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.08 | 1000 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |