I remember spotting a diamond pattern with a downside breakout on WBC at $26.75 and calculating the downside target of $22 (after it had already fallen from $31.40) and thinking: "well that can't be right, that would put it on a forward PE of 9".
WBC has just rebounded off $19.
My current downside target on BHP is $33, but this market has put plenty of solid companies on sub-10 PEs on the basis that "we don't know about that e part of the PE". Rationality goes out the window in a bear market, just ask Phil Green.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$36.11 |
Change
-0.370(1.01%) |
Mkt cap ! $183.2B | |||
| Open | High | Low | Value | Volume |
| $36.13 | $36.36 | $35.79 | $341.2M | 9.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4150 | $36.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.11 | 613 | 2 |
View Market Depth
| Last trade - 16.20pm 25/06/2025 (20 minute delay) ? |
| BHP (ASX) Chart |