Keeping an eye on JSE:BHG in anticipation of a breakout. It's been trading in a range for the year, a breakout might push the price higher.
JSE:BHG failure to trade above R606, for now, and the potential lower high at R560 means that the stock is bearish for now. R520 potential support level can still save JSE:BHG , otherwise the stock will continue to trade lower. R520 is a level of interest for short/long.
Inv Cup and Handle (Bearish) formed which the price broke below. Price>200 - Bullish This is conflicting which shows sideways movement. Target R451.27 Low prob trade due to SMC Read below SMC The price is at the moment in an Order Block (Sell Side Liquidity) Look at previous levels of supports (it's all around here at R514.70.) This is where Orders get the long...
Target reached for Billiton from the falling pennant at R598.37 21>7 >200 - This tells us mixed feelings where the price could be moving sideways for the next few weeks. RSI>50 - Still bullish bias Wait for the next setup and breakout.
Almost at the end of the trading week. Somewhat breakout confirmation on JSE:BHG . Market close will give a better confirmation.
JSE:BHG chart look something like a cup-and-handle. Whatever you see, a buy-stop-order around R581 isn't a bad idea.
This is NOT The year for Resources I must say. BHG is showing 3 patterns of downside to come. 1. Inverse Cup and Handle large. 2. Medium Inverse Cup and Handle and 3. Descending Triangle... If it breaches below the neckline (brim level), we can see an easy target to R325.00
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...
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...
Fundamentally sound - both BHP and RIO Iron ore prices testing key trend line support on longer-term charts Weekly BHP is testing 0.618 and RIO 0.5 FIBs Gold miners NST and NCM testing support but need more confirmation as they are sensitive to USD fluctuations. Possible trading options: Leaps Put sell
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
JSE:BHP close today resting right at the neckline of a textbook H&S. I wish it were not so, as I'm positioned for a bounce, but alas resources are not giving off good vibes at the moment, not good at all :-(
In this special idea I apply the AriasWave methodology to a stock by incorporating the main pattern in Global Markets. See related idea below for the DOW JONES to understand this pattern. I will post an idea shortly for the FTSE 100. Using the AriasWave framework and the main pattern which a TYPE-2 ZIG ZAG I apply careful and precise wave analysis to this...
It looks like H&S formation is being completed in #BHP. That potentially gives a hefty 40+% upside towards April 2011 high.
Time to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.
JSE:BHP has formed a Head and Shoulders pattern and has broken through the neckline on its way downwards. If the pattern plays out, we could see a move down to the target at around the 28900 level
LSE:BHP has formed a Head & Shoulders pattern and we could be looking at a possible short. It is struggling to break through the support level at the neckline, so I would wait for a break below this before entering short.
Technical looking very strong leading into earnings. Additionally, fundamentally BHP will be paying healthy dividends and benefit from be in the right part of the resource cycle. For example, Iron ore is now virtually back to GFC price highs.