No, its just not that simple. I thought we might have a bit of weakness to start the week. The stochastic is in its downswing. Its caught in a little trading range between $29.60 and $30.70 ($au for our UK friend), consolidating and preparing for the next leg up. $US weakness hasn't helped, as the contracts for delivery are negotiated in US$.
Provided it holds $29.60 its OK to hold calls. 3rd quarter production figures are due out tomorrow, these will probably either push it below support or get it upwards out of the trading range and towards $32.
strongweek, page-9
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Last
$42.92 |
Change
0.240(0.56%) |
Mkt cap ! $217.3B | |||
| Open | High | Low | Value | Volume |
| $42.75 | $42.93 | $42.74 | $33.80M | 789.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 3379 | $42.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.93 | 3120 | 8 |
View Market Depth
| Last trade - 10.58am 01/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |