Both RIO and BHP have broken out from their flags. Yesterday, it was mentioned that they were setting up
$BHP and $RIO setting up for next leg higher - perhaps in line with China reopening.
waiting to see if $42 is supported to see a move high, if not then possibly down to $30
Above upward sloping 20, 50 sma RSI 70 either overbought up trending Macd positive and above signal line Target = previous high
Declining vol near previous high MACD Roll-over RSI Drop below 50 Might retrace to 50% and previous resistange
Is there a way to sreen stocks for the False Breakout Signal
ASX:BHP trending downwards with weak economic output from Chinese construction activity. Expecting a pull-back to ~$30-31 before a potential reversal - conditional on COVID lockdowns easing in China and stimulus measures gaining traction. China's industrial production has been trending upwards since May 2022 with YoY August 2022 to 4.2%, compared to July's 3.8% ...
Net beneficiary of green future - blue reaction lines should tag a buy climax in the future.
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Triple top @ $39 with a wedge signalling a breakout. Interesting timing with official earnings due tomorrow. In theory this shouldn't add much info beyond the Q4 report. But the price chart suggests a large up/down movement sometime this week. Disclaimer: I am long
This week is one of the busiest for the Australian Securities Exchange, with many of its biggest names delivering their respective earning reports. Among those reporting is the country’s largest mining company, BHP Group (ASX: BHP). BHP are expected to deliver their FY2022 results on 16 August 2022. In addition to BHP’s results, the miner announced an AU $8.4...
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Appears to be in macro wave 3 of a super cycle - prices should trend up for quite some time.
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. BHP has sure been belted, but should we catch a falling knife? - Let's take a basic look at BHP using a...
G'day Traders and Investors, Note: Before reading this, I would like to declare that this is not a financial advice, I am not financial advisor. Any mentioned information is for education and entertainment purposes only and based on my trading and investing strategy. . I may or may not act according to this analysis. Facts: - As of 2022, BHP is the largest...
Break of a head and shoulders and we see a breathlessness of the market on the RSI. Stop loss : 43.03 Take profit : 31.00
62% Fe CFR Iron Ore continues its bullish trajectory, closing in on USD160/tonne. The futures markets show a continued bullish trend. Chinese News China announces a 5.5% economic growth target for 2022, down from 6% for 2021. Premier of the State Council for the PRC, Li Keqiang, stressed the priority of 'economic stability' for 2022. In addition to this, the...
Hi all, Checkout my analysis on the BHP Chart. I believe the price could go up to $60 with the first stop at $55 ASX:BHP . Offers a nice Risk to reward ratio. Follow the trend! Please note: This is not a financial advice, only for education purpose.