My brokers view
BHP broke out of downtrend line a few days ago and bumping into resistance at 38.30.
BHP has been lagging the ASX200 at the moment so put selling to take stock has been the favoured trade
I would wait for a clear break above 38.30 before buying calls, and would be adding on a break above $39.50
There is also a possible pennant break on BHP, which if it can pass it’s previous highs around $39.50 has a target of $44.00.
With a such a high technical target I think it’s better to wait for a clear break rather than preempt the break with bought calls.
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Last
$43.16 |
Change
-0.140(0.32%) |
Mkt cap ! $218.8B | |||
| Open | High | Low | Value | Volume |
| $43.41 | $43.56 | $42.89 | $272.8M | 6.312M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650 | $43.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.17 | 1162 | 2 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |