BHP Hits Demand ZoneBHP Dropped As Lithium Soared.
This was an over-reaction.
16% Trade with solid setup.
BHP is a strong company.
Long timeframe with a rather safe company.
BHP trade ideas
Flat on BHP. BHPIt is a strange looking B Wave if it is actually one, but we can see a divergence on the horizon. Even if this is an upward Wave C, which it can be, we are still looking at a bearish scenario. All in all, there might still be a "bump" of one kind or another before we travel South on this one.
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!
BHP Short strangle $1.00 creditFEB 18 STO 57.50 P
FEB 18 STO 72.50 C
Pop 75%
Delta 3.82
P50 89%
Theta 3.517
M Profit $100
M Loss infinity
B.P. -$614.40
ROC 16.27%
BHP - Bouncing off from key support after Head and Shoulder BHP formed Head and should pattern and broke the neck line on Aug 18. The stock has exactly fallen down $13.23 (measured distance from head to neck line) , which is right now bouncing off of the support line 52.45. I expect this stock to chop side ways for some more time hitting short term target 58.18, 59.82 and eventually break out to fill gaps at 64.48 and 70.52
BHP - Will a fed rate hike lead to a breakout in the SP?History says it will.
I expect next years rate hike will lead to a rally in PM's and commodities, as it did back in early 2016.
$BHP Bullish Dragon / Bearish SharkThe confirmation of the break out would be support above the "Hump" of the dragon, .886 minimum target
Is BHP getting ready for a buy?BHP.ASX has been in a steady decline but now seems to be forming a double bottom. When the RSI7 passes up above the 30 line, this gives an alert signal. Then watch for the slow stochastic 39,1 to pass above its 27 line as a buy signal within 6 weeks after the alert and then when the EMA39 flattens that confirms the buy. Not financial advise but to show how I set up my charts and do analysis. This arrangement is my unique chart setup which I have used for over 20 years.
BHP - Would it go up without making double bottomSo far ASX:BHP has been going strong from support price approximately $36.00, showing signs of trend reversal but it could be a counter trend move.
I am expecting a price correction here.
from here I expect price moving down to $38.00 , and then $37.00 levels.
finally if It gets down to $36.00 levels would offer good buying opportunity and that is where it would form double bottom .
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Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Gotta love this..What I see is a textbook reversal - I quite like the fundamentals too.. long the value trade
Do we have any contrarians?
Plotting The Super Cycle.Since Covid novice investors have flooded to the markets and have been hooked on the high risk speculation game, These speculators look past quality companies with great balance sheets and a lot of free cash flow because they think short term and see limited growth and view them as overall boring. I think we're heading into a very large commodities boom cycle on the macro and companies that are producers will benefit largely off higher prices which will form another massive bubble to take advantage of. There will come a point soon from now imo where companies with poor fundamentals return to their real value (not much) and that $ will go to stronger fundamental business's rich with strong cash flows and long growth runways. In my mind there is no better play than mining stocks who are producers of Gold, Silver, Nickel, Copper, Steel, Potash and lithium, I expect the mining sector as whole to out perform index's for the next decade or so.
Short-term and long-termLong short-term
Long long-term after checking how the price actions are formed.
Stock on the UpriseBHP 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
BHP is due for a pullback (approx 10%)I think its about time for BHP to pullback. Both trendlines and Divergence leads to that conclusion. Might afford a good opportunity to buy.
Go Long on Mining Stocks $BHPBHP breaking out to the upside soon?
The chart pattern is showing an uptrend bull flag.
BHP GOOD SIGNAL BUYI am a consultant for anyone who needs a consultant, I see that BHP will GO UP IN THIS NEXT MONTHS
1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position
2 (When I set the take profit and stop loss in a number that does not mean that the price will reach it, I gave a buy or sell signal only according to the analyzes I made in the chart and delete it later, in the order to share it with you so that you have a clear picture and read it clearly, thank you!)
3, we can work together and try me for one or two weeks to decide to work with you and give you signals about buying or selling
BHP Hopes to continue up (BUY)A break of the previous resistance point at 47.17 supports the price's rise to a higher level as it happened and rose the previous time. A buy entry from the current price
Buying BHP could now be a valid ideaBHP lost a lot in the last months, because of weak raw material prices.
Since corona last longers, it may give a sideward trend the next months. On the down side is not much risk. When crisis is over the demand of raw material will rise and also incoming of BHP.
Actual MACD turned around to show an up trend, so it may be a good idea to buy BHP right now.
BHP maybe up again!Thats was close to my stop... BHP turned upwards on MA200 (4h) and now may have a comback soon?
Still not holding... but also be bullish, that this is a good entry point, if you not invested right now.
BHP GROUP LIMITEDAn opportunity to buy gold after the hammer candle appeared and the share price became above the VWAP, so do not miss this opportunity
-24 feb 2021 trading analysis BHP-24 feb 2021
trading analysis BHP
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
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long possition because price break from strong resistance level 77.71 and follow line white color to next strong resist 81,80 before pull back
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good luck, and happy profit
see you for next update
#keep learning bakkarianz metode
