BHP.ASX has been in a steady decline but now seems to be forming a double bottom. When the RSI7 passes up above the 30 line, this gives an alert signal. Then watch for the slow stochastic 39,1 to pass above its 27 line as a buy signal within 6 weeks after the alert and then when the EMA39 flattens that confirms the buy. Not financial advise but to show how I set...
So far ASX:BHP has been going strong from support price approximately $36.00, showing signs of trend reversal but it could be a counter trend move.
I am expecting a price correction here.
from here I expect price moving down to $38.00 , and then $37.00 levels.
finally if It gets down to $36.00 levels would offer good buying opportunity and that is where...
Since Covid novice investors have flooded to the markets and have been hooked on the high risk speculation game, These speculators look past quality companies with great balance sheets and a lot of free cash flow because they think short term and see limited growth and view them as overall boring. I think we're heading into a very large commodities boom cycle on...
BHP Group on the Uprise..we see the stock trading at a good support level and the RSI in a highly oversold region and forming a Falling Wedge Pattern. So I would certainly wait for the breakout to happen from the pattern and trade the stock in lots for a good profit potential
I am a consultant for anyone who needs a consultant, I see that BHP will GO UP IN THIS NEXT MONTHS
1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position
2 (When I set the take profit and...
A break of the previous resistance point at 47.17 supports the price's rise to a higher level as it happened and rose the previous time. A buy entry from the current price
BHP lost a lot in the last months, because of weak raw material prices.
Since corona last longers, it may give a sideward trend the next months. On the down side is not much risk. When crisis is over the demand of raw material will rise and also incoming of BHP.
Actual MACD turned around to show an up trend, so it may be a good idea to buy BHP right now.
Thats was close to my stop... BHP turned upwards on MA200 (4h) and now may have a comback soon?
Still not holding... but also be bullish, that this is a good entry point, if you not invested right now.
-24 feb 2021
trading analysis BHP
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals...
