A Bounce from $19.50 would be a good chart signal to buy.
A short term technical gain at least.
A 15% fall from Highs would see about $17.50.
The bounce from there should see BHP at about $23.
Risk remains to the upside.
WMR income will be a huge bonus to BHP holders.
BHP remains undervalued while the "Supercycle" remains foreign to most.
If a resources boom was realised by the majority BHP would be trading closer to $35 than $20.
A takeover target BHP is not, as it is the largest resource miner in the world.
BHP undervaluation will remain in the market.
Safer than houses is BHP for those with Cash to spare.
I will be looking to buy in soon.
Cheers.
A Bounce from $19.50 would be a good chart signal to buy.A short...
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Last
$41.54 |
Change
-0.530(1.26%) |
Mkt cap ! $210.6B | |||
| Open | High | Low | Value | Volume |
| $41.57 | $41.84 | $41.31 | $356.2M | 8.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $41.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.54 | 2990 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |