Looking at the volume traded the last 2 days I would guess this is in the hands of the hedge funds since it's trading at above ave volume whereas the pertfolio of blue chips I track are all trading at ave or below ave volume.
I doubt the hedges have much experience with miners so the price is likely to be volatile for a while.
Trend is clearly down but with so many analysts bullish they'll no doubt try and pump it to cover their backsides.
This coming week will be interesting with the pro's back in the market, so expect the unexpected maybe.
Great stock from a traders perspective, from an investors I'm not so sure.
Looking at the volume traded the last 2 days I would guess this...
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Last
$38.91 |
Change
0.270(0.70%) |
Mkt cap ! $197.4B | |||
| Open | High | Low | Value | Volume |
| $39.01 | $39.19 | $38.80 | $329.2M | 8.452M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 4719 | $38.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.95 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |