Nothing is wrong with RIO.
Finished down in the US, so probably just following the prices of metals more than BHP. BHP has had more disconnect with its own fundamentals as of late, and has been largely just a reflection of the index.
RIO is probably slightly better value in the short term now.
SOme analysts have re-rated their upside BHP target to only 38.30 by years end. So upside potential there is limited.
RIO is still rated in the high 90's and above, so is probably better risk/reward there.
ie: Too much support at 80, but not much resistance to take it to 92-98 in the short term.
I've still got a RIO holding from 81, and will bail when its above 90 probably.
will she break 34.50, page-57
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Last
$42.30 |
Change
0.760(1.83%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $41.32 | $42.30 | $41.18 | $505.2M | 12.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1220 | $42.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.30 | 12134 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |