The BHP thread sentiment is more negative than any time i can remember. Even in the GFC! Thats a positive for the stock and im sure last week most margin calls were triggered. There comes a point when there is no-one left to sell.
+Sitting on long term Weekly support as previous charted on this thread.
-Cycles have low in July though.
+Sell in May seems almost too obvious now.
+short term extremely oversold.
Where it goes nobody knows, but i think the market has factored in terrible news. The China 7.7% (not 8%) is on a higher base than previous, so in $ terms is higher. Seems like panic to me.
intrinsic value ... $39 , page-12
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |