Tag: ASX:BSL

BlueScope Steel is an open trade with a stop loss at $18.85

BlueScope Steel is rated a buy with the stop loss at $18.87

BlueScope Steel is rated a buy with the stop loss at $19.73

BlueScope Steel announced underlying EBIT of $718m in 1H FY24, (beat consensus), and at the top end of guidance of $660m.

BlueScope Steel has cut 1H24 EBIT guidance to A$620-670m. We’re buyers within the $15 – $17 price range and expect earnings to recover in 2025.

BlueScope Steel is under Algo Engine buy conditions and it’s also a recent addition to the ASX Trade Table.

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BlueScope Steel is under Algo Engine buy signals and the chart below shows the suggested accumulation range.