Robb, so true.
I never rubbish a stock that keeps me in the money. BHP keeps me in the money.
A little perspective. Yes, we have been reluctant to make new highs since August 4.
BUT---- BHP has been a resiliant performer, and bounced early.
A couple of quickie comparisons:
BHP reached reached the 38.2% fib way back in December last year. CBA did it 6 months later in June this year, XJO on August 14 this year and is still there.
BHP reached the 61.8% fib in June this year, CBA on August 14, and XJO is still 800 points away from it, despite making daily higher highs.
Back to the present...
I said last night it was doable for ADR's to fight the exchange rate to reach parity with our $39.
Well they beat my expectations, posting yet another high. up $US2.04 3.05% to $US68.89 = $39.40 in AU dollars.
My concern for both BHP here and ADR's is that they've hit tht top bollinger band, and that usually spells trouble in the short term.
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Last
$39.62 |
Change
-1.130(2.77%) |
Mkt cap ! $200.9B |
Open | High | Low | Value | Volume |
$40.45 | $40.68 | $39.56 | $423.2M | 10.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4755 | $39.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.62 | 16874 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2955 | 39.610 |
24 | 17922 | 39.600 |
3 | 1345 | 39.590 |
4 | 12300 | 39.580 |
6 | 1745 | 39.570 |
Price($) | Vol. | No. |
---|---|---|
39.620 | 16874 | 1 |
39.630 | 20509 | 1 |
39.640 | 21064 | 1 |
39.650 | 25188 | 3 |
39.660 | 20889 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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BHP (ASX) Chart |