Potential Countertrend Bullish Reversal. Extended vs it's 8 & 21-day EMA range and 'near oversold'. Look for a potential print below the prior session low and a reclaim to trigger a "piercing candle". Bull pivot = 43682c
I have discussed and highlighted both the buy and sell leg of this name in recent months. These are merely new levels to consider.
RE-BUY PLAN | If you missed the final gap close at 50000c (and the overshoot to 49116c) then you should look to buy retracements to the 8-day EMA. Approximate Range: 51350c to 51700c. TF: Ultra Short Term 2 to 6 days
RE-SELL PLAN |...
with the rising prices of uranium and minerals BHP is going to benefit from this. I don't think this is reflected enough in the price yet.
Always DYOR
Not financial advice
BHP is in the material space and is seeing the benefit of the commodity super cycle and the covid supply chain disruptions and inflationary issues. I thought my $185 price target was crazy for CVX and yet we got into the $170s recently. I think BHP could get back to $100 and full extension could be to $175-200 over next couple years. Plus, you will receive a 10%...
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.
Shares are currently down close to -3%, trading below an important level at 47.26 and could continue further down to 46.65, 46.05, and 45.67 if it fails to get back above 47.26
been trading in nice uptrend since 2016, hitting good resistance @$49, looking to retrace ,$40 good entry point , exit $48 ,20% profit, waiting patiently for the $40 entry, very bullish long term
Immediate targets 58, 52. Invalidation at 97.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
BHP Dropped As Lithium Soared.
This was an over-reaction.
16% Trade with solid setup.
BHP is a strong company.
Long timeframe with a rather safe company.
It is a strange looking B Wave if it is actually one, but we can see a divergence on the horizon. Even if this is an upward Wave C, which it can be, we are still looking at a bearish scenario. All in all, there might still be a "bump" of one kind or another before we travel South on this one.
We are not in the business of getting every prediction right, no one...
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
