The Big Australian has rallied to within 3.7% of its all-time high with the diversified miner enjoying the tailwind from iron ore and a number of other commodities – similar to the ASX Accumulation index if we include BHP’s dividends over the last 2 years its already trading at all-time highs!
- We can see BHP testing the $48-50 area into Christmas where MM will consider reducing our exposure.
MM is mildly bullish towards BHP short-term
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