Hi Jenny,
The $25 target is under my radar and I'm preparing for a big dip and long-term hold(2-4 years) at that price. No one doubts that BHP is a real quality stock. Eventually it will go back to $50 then $60, maybe $80. But not yet. The next 3-5 months will determine the direction of the US economy and the rest of the world. BHP will be the first of the resource stocks to react.
In the meantime BHP is not too bad for short term trading if you can get it right. It keeps bouncing approx. 50% of its previous retracement, but the general trend is south. No signs of a reversal.
target thursday , page-38
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Last
$42.78 |
Change
0.140(0.33%) |
Mkt cap ! $217.0B | |||
| Open | High | Low | Value | Volume |
| $42.25 | $42.97 | $42.14 | $223.0M | 5.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10160 | $42.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.79 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |