Bullish Case: Undervaluation indicated by P/B ratio, recent institutional investments, mixed price signals, and potential bullish short volatility suggest a readiness for price appreciation.


Bearish Case: Current backwardation, lower trading volume, short-term downward trends, and continued underperformance signal potential bearish pressure.


Potential Outcomes:

1) Short-term recovery: 25%.

2) Continued bearish trend: 35%.

3) Consolidation at current levels: 40%. Conditional on institutional behavior, odd-lotter activities, and macroeconomic shifts.


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April 17, 2024


BHP Group Limited Forecast

BHP        BHP Group Limited
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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