Macro Forecasting...Net beneficiary of green future - blue reaction lines should tag a buy climax in the future.
BHP trade ideas
Bearish Harami on BHGA Bearish Harami has formed on JSE:BHG at a resistance level. A Harami is often a sign of a reversal to come. If it continues downwards, I will enter a short position.
BHP Group Ltd AustraliaSSI Live Trading Series
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Upcoming breakout, earnings tomorrowTriple top @ $39 with a wedge signalling a breakout.
Interesting timing with official earnings due tomorrow. In theory this shouldn't add much info beyond the Q4 report. But the price chart suggests a large up/down movement sometime this week.
Disclaimer: I am long
BHP Group to explore new territory of $53 per share?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 billion to acquire OZ Minerals (ASX: OZL) last week. As OZ Minerals have already rejected the take-over offer, additional rounds of bids will likely follow over the next week or two.
The monthly chart indicates that BHP is currently in a bullish trend and has tested a key resistance just above $48 a share twice in the past month and a half.
BHP is currently trading inside a parallel channel, and it looks like it might be about to bounce from the support, in confluence with the 50-DMA.
Fibonacci extension levels indicate that the price might reach an all-time high of $53, if bullish fundamentals continue.
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Wave Forecast...Appears to be in macro wave 3 of a super cycle - prices should trend up for quite some time.
BHP - FUNCHARTS: Should we buy the dip?Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome.
BHP has sure been belted, but should we catch a falling knife?
- Let's take a basic look at BHP using a very short term strategy. It involves using a strategy called Supertrend Strategy with a 3 period ATR input and an ATR length of 1.5 times.
- Firstly, I've flipped it upside down, so we get a buy signal when the trend changes to down and a sell signal when the trend changes to UP
- Now, next step, Applying this strategy to BHP, take a look at the performance report for Long Trades and Short Trades using the Performance report TAB. Long Trades Buy the Dip , Short Trades Sell the Rally
- Looking at Long Trades, 66% of the time it was profitable to Buy a short term dip on BHP and wait for the trend to change back to up, after which you exited the long position. The profit fact was 1.77. No stop was used in the analysis.
- It was also marginally profitable to sell short term uptrends in BHP, meaning trend of less than 30 days didn't persist all that often.
- What's the verdict? Buying short term weakness in BHP and selling short term strength has made money in the past. BHP is typically a very choppy stock.
I hear what you're saying, you'd like to know if buying the current dip we are in will result in a profit? Based on this analysis BHP will usually stage some sort of rally in a downtrend and you would have make money 66% of the time historically. But looking at external analysis I'm not overly confident just yet.
When I'd like to get in. Take a look at the blue histogram on the chart, if it goes below -10, I'd expect the odds to be pretty good for a rally of at least a few days, if not more. That means any further (significant) downside could be an opportunity for a countertrend mean reversion play. It'll be a day where there is blood on the streets for BHP.
BHP - Awaiting for buy opportunitiesG'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 mining company in Australia, by market capitalisation and It is one of the very profitable business as
most of BHP products are essential for global economic growth.
- The company primary operational units are: Coal, Copper, Iron ore and Petroleum. But many are key to the energy transition, to
lower carbon world, for example:
Copper - has electricity conducting, corrosion resistance and antimicrobial properties and is used in everyday household products.
Iron ore - is one of the most sought after commodities in the world and is integral to the steel-making process.
Nickel - is a key ingredient is stainless steel and major component in the lithium-ion batteries that are helping power the electric
vehicle revolution.
Potash - is a group of potassium compounds that will be vital link in the global food supply chain.
- BHP also committed to Sustainability and Social responsibility. Read more on www.bhp.com
Source: www.bhp.com
If you like the idea, please like and comment. Many thanks for your support.
Cheers!
Jimmy
BHG - UpdateOriginal Idea Attached. Update: Reached upper boundary of channel (faster than expected) - see circled area. The arrow was the initial 'potential price path' .
BHGPotential 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
BHP GROUP LIMITED (SELL)Break of a head and shoulders and we see a breathlessness of the market on the RSI.
Stop loss : 43.03
Take profit : 31.00
BHP Group: Levels of InterestI 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 | Previously I highlighted the 3 downside gaps where the final gap was closed at 50000c with an overshoot to 49100c. This created a bottom which saw the share rebound to a high of 53499c by Friday’s close. An immediate push into the 54200c54600c range is a potential
opportunity to sell. This is the midpoint of the bearish 50-61.8% Retracement. TF: Ultra Short Term 2 to 6 days
Lets go Mining 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
Dividend will be important again Real Assets. From growth back to value. Did commodities already go to far? Or just the Beginning?
Up
$BHP - Monthly Chart + 10% dividendBHP 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% dividend the entire time. Also check out VALE
GLL!!
This is not a recommendation to buy. It is for informational purposes only.
62 Fe Iron Ore Outlook for Australian Iron Ore62% 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 Premier announced that Covid-19 controls will be adjusted as needed to facilitate economic growth priorities. As the Winter Olympics have now wound down, steel production caps are gradually being eased and should continue over the next coming months. These are all bullish signals for Iron Ore prices.
Russian/Ukraine Conflict
The Russia/Ukraine war is not expected to cause any significant impacts on iron ore supply on global markets, accounting for less than 40million tonnes of production annually.
Australian Local News
Weather
As Australia is still in the backend of tropical cyclone season, there is a possibility of disruption to normal shiploading activities at Pilbara ports, which could have a short-term negative impact on supply.
COVID-19
Western Australia has opened their hard border to other states. This will help with the labour constraints that have plagued many Australian Iron Ore (IO) producers over the last 18 months as there were significant hurdles to obtain skilled/specialist labour to assist with both preventative and corrective maintenance outages across mining sites in the Pilbara. Ideally, over the remaining fiscal year, we should see increased reliability in output from mines and Ports and adherence to output schedules.
Long-Term Outlook for Iron Ore
Chinese regulators have flagged speculative trading and excessive stockpile hoarding of commodities including IO as the reason for exorbitant prices seen over the last 18 months as opposed to actual demand seen from steel mills. It is rumoured Chinese regulators will look at consolidating the fractured steel production market in China through mergers/acquisitions in a bid to increase bargaining power when it comes to raw material purchasing. Given the 2022 goal of 'economic stability', this does seem like a necessary strategy for China to guarantee fair prices for their major inputs for economic growth. Consolidating the local steel production market to match the high market concentration of Australian IO producers would theoretically allow for better prices for Chinese purchasers.
However, given the soured relationship between Australia and China over the last 24 months, it is unlikely the Australian government will take to this kindly, as commodities prices over the last 18 months have delivered record taxes and royalties to Australian governments and essentially kept their economy alive since the COVID-19 pandemic began. In response, in the wildest scenario, we may see Australia back a cartel formation amongst the major IO producers - BHP , ASX:RIO , ASX:FMG - as a way of securing their own economic security.
BHP is in a bullish channel 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.
How to catch a falling knifeHow I caught a falling knife, captured dividends, and turned a profit in BHP.
BHP gaps down following the earnings report.
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
BHP 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
BHP about to fall. BHPImmediate 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 that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
