Target is $8. That said I think RIO will go up at test $50. The long correlation between the two will soon end. BHP down and RIO up. A good hedge is to long RIO and short BHP. And even if BHP does rise. RIO will rise more. Its a win win.
Long cycle, page-2
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Last
$42.60 |
Change
-0.180(0.42%) |
Mkt cap ! $216.1B | |||
| Open | High | Low | Value | Volume |
| $42.77 | $42.91 | $42.52 | $155.5M | 3.647M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6565 | $42.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.65 | 9609 | 2 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |