If prices break above the previous 34 156 resistance, this should be a good opportunity to buy into this market. The price is above the 100-day exponential moving average on the weekly chart and also seems to be bouncing off the 400-day EMA on the daily chart, as this seems to present a support zone. Our good old trendline shows the price making a series of higher...
Looking at the levels , if we break the red we are looking for T1. Overall trend is still bullish.
Good trendline. Nice price action. Could see a bottom wick around the trendline or a doji candle this week.
Some times the slow moving obvious trades are the most profitable. BHP has been in an up trend for a good few years now and now it’s hit a resistance level. If it cracks it, a 20% appreciation to $46 isn’t unreasonable. Otherwise a drop to $36 is likely.
BHP Billiton's share could find support at the 31 150 price level, which is an area of interest from the weekly timeframe. Since this analysis is based on a higher timeframe, it could take several days before this can happen. The weekly timeframe shows a healthy trend, with symmetrical, deep pullbacks. We are currently on one of these pull backs, and am hoping...
BHP is approaching support line where it has rallied many times. BHP should do well this year and break out of this channel. Happy Trading!
BHP Billiton has had a solid bullish run since the start of 2016. After falling to a low of R136.30, the share price has steadily risen, reaching a recent high of R326.73. But the mood on the stock might just have changed... If you look at the short-term trend-line, you can clearly see it's been broken. Where it found support before, it has now found...
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 ...
- 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
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...
Daily chart pattern – Two year long falling trend line has been breached RSI eyeing bullish break Money flow index suggesting further gains Prices thus appear on track to test next major hurdle seen directly at 1156.27 levels (38.2% Fibo of 2014 high – 2016 low). Bullish invalidation is see only if prices see a day end close...
I am short this one at 1032 let us see a move towards the flag as looking aewsome i am not seeing any kind of bull volume so staying in short is a good idea Let me know if u have similar or other views about it. Trade Safe
Hi Everyone, there is a sell setup playing out here for BHP on the London Stock Exchange. We are waiting for the break of the lower trend line and then will watch it on a lower time frame for a retest and rejection. There is also a potential for it to bounce up to the top trend line where there would be another opportunity to sell although that would be higher risk.
Weekly chart shows Falling trend line breached Trades above 23.6% Fibo of July 2014 high-Jan 2016 low) = 932.85 Confluence of trend line support (rising+larger falling) seen around 880. Correction could run into fresh demand around 880 levels. Another scenario - Rebound from 23.6% followed by a break above 1039 (last week's high) would open doors for...