gmaster29

BHP - Bouncing off from key support after Head and Shoulder

Long
gmaster29 Updated   
NYSE:BHP   BHP Group Limited
BHP formed Head and should pattern and broke the neck line on Aug 18. The stock has exactly fallen down $13.23 (measured distance from head to neck line) , which is right now bouncing off of the support line 52.45. I expect this stock to chop side ways for some more time hitting short term target 58.18, 59.82 and eventually break out to fill gaps at 64.48 and 70.52
Trade closed: target reached:
Short term target hit 59.82

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