End of month rebalancing is around the corner. Three slides. Three things to note about BHP
End of month rebalancing is around the corner. Three slides. Three things to note about BHP $BHP Group Ltd(BHP.AU$
1-The iron ore price seems to have found its bottom. What do you think? Look at the chart would ya?
2-The market is also saying BHP shares could have likely found their bottom. Some are not convinced. Options pricing suggests BHP could go back to $43. But bulls say $46 next month. I think $46 could be possible given China's bad news is likely in the past.
3-The world's biggest mining company BHP $BHP Group Ltd(BHP.AU$ shares are down 13% from their peak. I think fund manager dip buying will be on with seasonality.
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Moomoo Official Market Strategist
Investment strategist, featured on TV, radio, newspapers.
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Chii11 : Follow it.
DustBrother : going to turn red??
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Kakakala12 : But I saw it yesterday and it was still green.
Cocona33 : BHP has never let me down.$BHP Group Ltd (BHP.AU)$
TOLKKI : He changes every day.
Skoljil : Please keep an eye out for the latest dates.
assailed : I don't want to see it.
Jessica Amir OP DustBrother : The opposite. I think