LD_Perspectives

BHP Monthly

JSE:BHP   None
BHP Group | as expected, the share has taken hard knock, breaking multi-year support. Our initial long term review identified the potential for a downside break, which was in part motivated by the candle structure as well as the MACD bear cross which, on the two prior occasions led to a similar decline. In terms of new support levels, investors should keep in mind 19600c as well as 16400c.
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