BHP find a hard time to breach through R370. Short idea could be in play with a tight stop loss above R375. First target at R360 and second target at R350
It is forming a cup and $38.04 is the confirmation for the pattern. 12 months Consensus Price Target: $60 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
BHP Group in South Africa broke down towards the end of Feb from a rising bullish channel that was in place since early 2016. After breaking down from this channel, the stock dropped a further R100 very rapidly in the space of 2 weeks before bottoming out on high volume. The stock has spent the better part of 4 weeks regaining this massive drop, but i believe this...
Evening Traders, Today’s analysis will focus on BHP, sellers are in complete control after breaking key technical levels. It has been rejected at a technical point that will dictate the overall trend in the coming weeks and months. Points to consider, - Strong bear break - 200 WMA – Current resistance - Local support respected - .618 Fibonacci in confluence...
BHP: ASX - Critical support and resistance
MCD, GOLD, BMY, ETR, AZN, BHP, BMY, CAG, CI, CL, DTE, GWW, HUM, K, L, NKE, RIO, Y, TJX
BHP has consolidated for the best part of 2019. Now we have seen a spring and markup in phase D starting. Looking for the markup to take price above the highs in 2020.
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.
As we've been posting, Cliffs is a turn-a-round play with a new organic HBI plant coming online within the 1st qtr of 2020. After the market closed, news hit that the company will be added to the S&P SmallCap 600. S&P would not list CLF before looking at the company and its financials. CLF is a solid play. We figure fair market value is between $13 and $15 per...
What started as a nasty looking h/s has turned into a possible invert h/s? We shall see? FCX...
JSE:BHP has failed to break out of the downward trending channel that it has been trading in and has once again bounced off the top for a downward move. We could see it continue down to the bottom of the channel, but it might also find some resistance around the 31000 level as it has before.
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.
Michael Porter on the Unum Capital Trading Desk likes the +AGL / -BHP pair. I might be a few days late on this one, an the ex Div date a few days back does affect the pair. entry 1.006 with a target of 1.095 (TP) and SL of 0.963
ON JANUARY 11, 2019...CRAMER SAID THE FOLLOWING ABOUT CLEVELAND-CLIFFS... Jim Cramer Gives His Opinion On Cleveland-Cliffs, SINA, Take-Two And More Craig Jones , Benzinga Staff Writer January 11, 2019 8:23am On CNBC's "Mad Money Lightning Round", Jim Cramer said Cleveland-Cliffs Inc CLF 4.52% is the best company in the show... NOTHING HAS CHANGED SINCE...