BHP Group (BHG) | Medium Term Near Overbought + Testing Prior Swing Highs | IN late October the idea was to buy BHG on a pullback to between 42200c and 42800c. The share retraced to test 42600c and has since seen a strong rally to test ATH’s on Friday. This is also the swing highs extending back to the peak of 01 April 2022 which may be encourage short term sellers to come out of the woodworks. Would I be a buyer here? No. Would I be a sellers here? No, instead I would look for an overshoot of the highs and failure to hold as a signal to sell/reduce.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.