been lots and lots of discussion on this stock the past weeks.
last week stuck my neck out and said this was the bottom, at 24 with perhaps a dip slightly below that, which did happen.
volume has been up fairly significantly in the past week, getting up to around 30 million traded or more which always indicates to me a top or bottom. being that the price is so low from its highs and on a low pe, the volume we've seen has been the biggest indicator to me that we are seeing the bottom.
no, low and behold, despite copper being down 2% BHP is actually trading up 2.5% in london, which says a lot really. i personally believe we are seeing a change in trend.
i know many others disagree, and thats fine. but hey, it can't just keep on going down, there has to be and will be a bottom at some point. and i reckon circa $24 was it.
surging up in london
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Last
$42.66 |
Change
-0.040(0.09%) |
Mkt cap ! $216.3B | |||
| Open | High | Low | Value | Volume |
| $42.65 | $42.85 | $42.50 | $345.8M | 8.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7200 | $42.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.67 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |