It’s not often you see BHP rally 5% in one session but all it’s actually done this time around is take The big Australian back to the mid-point of its last few years’ trading range, however, we shouldn’t forget that while BHP trades sideways it continues to pay investors simply huge fully franked dividends.
- We maintain our positive bias towards BHP looking for another test of $50 over the coming months but if/when it does occur we are likely to reduce our exposure.
MM remains long and bullish BHP
Add To Hit List
