BHP for the last two years has been quite the bullish pick of the ASX , after it's bear run from late 2014 it was an obvious investment for the long haul trader. - Now into late 2018 , we can see that price is currently retesting structure at the range of DEC 201 3 and JUL 2014 . Currently ranging in the structure zone as displayed, accompanied by an RSI ...
BHP BILLITON MAJOR TREND UP
- Consolidating market : but within a Bullish market - Coming down into an area of interest of support - looking for T1 at 35's - Stops below 31's - Note: Its interesting to see these moves are made between 1-2 months apart.
Comparing BHP billiton to Gold, Copper, and Oil - aka the "reflation" commodities. Note how there is a decent correlation that has completely diverged in the past few months. Billiton probably going to head downward
If the channel is right, the asset will fall close to the Up Trendline...Let's follow up to see ...#luizdenot #xbroker #bhp
Stop up here at AB-CD or first run the stops above that are marked with the thick red line - eitherway we are coming into a big area of interest
BHP share prices fell below the price channel in today's trading session and now slipping into a bearish boundary. BHP share prices will need to stay above its 500 EMA line to avoid falling further. Potential future support and resistance are marked on the chart
Bullish Gartley with bullish divergence. It doesn't get much prettier than this! Measurements - .786XA - 1.27BC - AB=CD
Testing basic Renko system. Enter Long when: - 2 green bricks (top of 2nd brick + 5% brick size) - Top of 2nd brick is above 10EMA Stop: - bottom of 1st full brick under 10EMA -5% brick size Exit: - 2 red bricks (bottom of 2nd brick - 5% brick size) - close under 10EMA Enter Stop Exit R Profit R...
Double bottom in BHP. The last closing price is above the breakout line.
Currently at horizontal and channel support. RSI trying to bottom out and turn back up. Has to get past 42. Otherwise it could form a head and shoulders.
BHP.ASX Share price is on the verge of breaking out at 2550 support price point to the upside on the 2- hour chart. Closing above 2550 could see further moves to the upside
This is where I have to write a bloody chart description.