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BHP Group Limited

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BHP trade ideas

BHG showing downside to come but with a LOW probability - SMCInv 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 (buyers) out of the market which sells their positions and the Big Guys buy which pushes the price up. With price above 200SMA and with the Order Block - It's for this reason the long trade is a LOW probability one. WHich I'm probably going to leave alone as there can be chop in the next few days.
JSE:BHGShort
by Timonrosso
1
BHGBHP 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.
JSE:BHG
by techpers
BHG: Consolidation before Moving for Top ResistanceBHG price is close to upper resistance, price can have a short-term pullback before attempting new highs on a weekly basis. The RSI4 is close to being overbought while it has been 21 weeks since a low on the share. The expectation is for price to make a swing high on the weekly chart & begin a downtrend which can allow the RSI to cool, price is then expected to challenge for the upper resistance of the megaphone pattern. Ideally this share is for those already holding or looking for points to take profit.
JSE:BHG
by runyamhere
BHGA comment from the client group. For more research insights, including trade ideas, get in touch today. Trading Setup On Watch: BHP Billiton BHG The Friday before last (see related note, referenced) I mentioned 42200c to 42800c as a potential buy zone. On Friday we saw this range tested with a rebound and some upside follow-through. What's key now is that both the candle structure stabilizes (i.e. a character change) and that we started to see strong bids being maintained around these levels. Provided these conditions are met, the upside target is +46500c. The potential price path, unchanged from my related comment on 20-October, is also on the chart.
JSE:BHG
by techpers