I've been long BHP eto's (again) since early November when it was trading around $11.35.
Having weathered the fall to $10.65 I see it now going higher...at least to $12.00 and possibly testing the October $12.28 highs. I'm surprised how far this stock can move in one day...3%-5% increases/decreases are nothing out of the ordinary.
I was also surprised by its rise on Wednesday given the rising $Aust, BHP's poor performance on Tuesday night in London and the interest rate announcement.
I see BHP as a proxy for the state of the world economy (which imo will grow strongly over the next 12 months). I am also expecting more rotation out of property and into the share market (and speciifcally into bhp as one of the more obvious large caps).
Cheers Ajax
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Last
$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5770 | $42.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 2807 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |