Target $18.72, page-10644

1. The fact that large Australian Fund Manager Perpetual Ltd. has been heavily buying WHC shares since August 2024 (& now has 47.1m shares =5.6% of WHC) is VERY bullish.Post #:75858724

Will other Fund Managers also go on a WHC buying spree?



2. Hot Copper Market Index 27.9.24 states the ASX is now officially in a bull market; & that the Material Index is specifically nominated as being likely to see the biggest gains in the near term.

D. Gilham writes

"Enter the ‘bull market’

A bull market is typically marked by an index rising over 20 per cent from its low. With the All Ords surpassing a 20 per cent gain from its June 2022 low, we’ve officially entered this phase.

Beyond the textbook definition, there are other clear technical indicators:

• Trading near all-time highs, check.
• Consistently making higher lows and highs, check.

So, what can we expect as this bull market unfolds?

Historically, when the All Ords has risen over 20 per cent from significant lows since 2009 (excluding the GFC and the COVID lows), the index has continued to climb on average another 17 per cent before facing sustained downturns lasting from three months to a year.

If history is any guide – and I see no reason why it shouldn’t be, particularly with the bullish environment provided by the upcoming US presidential election and major shifts in interest rate policy by China and the US—the market is likely to continue rising, with a peak expected around 9,200 points.

This suggests there is still plenty of upside, especially with sectors like Materials (ie current profitable Producers- my words; & all emphases, mine) yet to gain momentum".

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