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...
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.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
BHP Billiton's share could find support at the 31 150 price level, which is an area of interest from the weekly timeframe. Since this analysis is based on a higher timeframe, it could take several days before this can happen. The weekly timeframe shows a healthy trend, with symmetrical, deep pullbacks. We are currently on one of these pull backs, and am hoping...
BHP Billiton has had a solid bullish run since the start of 2016. After falling to a low of R136.30, the share price has steadily risen, reaching a recent high of R326.73. But the mood on the stock might just have changed...
If you look at the short-term trend-line, you can clearly see it's been broken. Where it found support before, it has now found...
BHP for the last two years has been quite the bullish pick of the ASX , after it's bear run from late 2014 it was an obvious investment for the long haul trader.
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Now into late 2018 , we can see that price is currently retesting structure at the range of DEC 201 3 and JUL 2014 . Currently ranging in the structure zone as displayed, accompanied by an RSI ...
- Consolidating market : but within a Bullish market
- Coming down into an area of interest of support
- looking for T1 at 35's
- Stops below 31's
- Note: Its interesting to see these moves are made between 1-2 months apart.
Comparing BHP billiton to Gold, Copper, and Oil - aka the "reflation" commodities. Note how there is a decent correlation that has completely diverged in the past few months. Billiton probably going to head downward
Testing basic Renko system.
Enter Long when:
- 2 green bricks (top of 2nd brick + 5% brick size)
- Top of 2nd brick is above 10EMA
Stop:
- bottom of 1st full brick under 10EMA -5% brick size
Exit:
- 2 red bricks (bottom of 2nd brick - 5% brick size)
- close under 10EMA
Enter Stop Exit R Profit R...
Daily chart pattern – Two year long falling trend line has been breached
RSI eyeing bullish break
Money flow index suggesting further gains
Prices thus appear on track to test next major hurdle seen directly at 1156.27 levels (38.2% Fibo of 2014 high – 2016 low).
Bullish invalidation is see only if prices see a day end close...
I am short this one at 1032 let us see a move towards the flag as looking aewsome i am not seeing any kind of bull volume so staying in short is a good idea
Let me know if u have similar or other views about it.
Trade Safe
Hi Everyone, there is a sell setup playing out here for BHP on the London Stock Exchange.
We are waiting for the break of the lower trend line and then will watch it on a lower time frame for a retest and rejection.
There is also a potential for it to bounce up to the top trend line where there would be another opportunity to sell although that would be higher risk.
