seems to be a strong correlation between fertilizer companies and oil price... looks to have strong short term fundamentals though, so could be a massive bounce when a bottom in oil seems to be formed... i am watching for us dollar to strengthen and when this stops im thinking IPL around 140- 150... the bounce will be from a catalyst as in profit upgrades and trading updates... good aussie rains will call for an extra top dressing of fert...
i will be trying to buy around the vwop everyday for the next week and am expecting big things... 200 plus... spike to 230...
trades similar to bhp too.... with more immunity from a global slow down.
ipl and oil
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Last
$3.11 |
Change
0.010(0.32%) |
Mkt cap ! $5.884B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.23 | $3.08 | $18.90M | 6.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1227 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 43539 | 3 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| IPL (ASX) Chart |