Investamate
Long

BHP Billiton - Mining profits

LSE:BHP   BHP GROUP PLC ORD $0.50
Buy BHP Billiton ( BHP .L)

BHP Group PLC , formerly BHP Billiton Plc , is a global resources company. The Company is a producer of various commodities , including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper , Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

Market Cap: £91.11Billion

BHP Billiton appears to have formed an inverse head and shoulders bottom pattern on the daily chart . The small consolidation that has formed over recent days is showing some signs of coming to an end. There are a couple of gaps unfilled on the upside and we expect those to attract interest from buyers.

Stop: 1710p
Target 1: 1916p
Target 2: 1980p
Target 3: 2080p

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