Original idea attached.
Update: BHG Group BHG - A Monster, +20% Move In Just Over 3 Weeks
I mentioned the buy zone was set at R422 to R428, that being the retracement toward the incline support.
Yesterday, the share has hit a 5-month high of + R521.
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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...
A long position has been triggered on JSE:BHG . We could see this move go all the way to the target at around the 507 level. Be mindful of the resistance level at around the 460 level.
This is NOT The year for Resources I must say. BHG is showing 3 patterns of downside to come. 1. Inverse Cup and Handle large. 2. Medium Inverse Cup and Handle and 3. Descending Triangle... If it breaches below the neckline (brim level), we can see an easy target to R325.00
ASX:BHP trending downwards with weak economic output from Chinese construction activity. Expecting a pull-back to ~$30-31 before a potential reversal - conditional on COVID lockdowns easing in China and stimulus measures gaining traction. China's industrial production has been trending upwards since May 2022 with YoY August 2022 to 4.2%, compared to July's 3.8% ...
A Bearish Harami has formed on JSE:BHG at a resistance level. A Harami is often a sign of a reversal to come. If it continues downwards, I will enter a short position.
Triple top @ $39 with a wedge signalling a breakout.
Interesting timing with official earnings due tomorrow. In theory this shouldn't add much info beyond the Q4 report. But the price chart suggests a large up/down movement sometime this week.
Disclaimer: I am long
This week is one of the busiest for the Australian Securities Exchange, with many of its biggest names delivering their respective earning reports. Among those reporting is the country’s largest mining company, BHP Group (ASX: BHP). BHP are expected to deliver their FY2022 results on 16 August 2022.
In addition to BHP’s results, the miner announced an AU $8.4...
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome.
BHP has sure been belted, but should we catch a falling knife?
- Let's take a basic look at BHP using a...
G'day Traders and Investors,
Note: Before reading this, I would like to declare that this is not a financial advice, I am not financial advisor. Any mentioned information is for education and entertainment purposes only and based on my trading and investing strategy. . I may or may not act according to this analysis.
Facts:
- As of 2022, BHP is the largest...
Original Idea Attached. Update: Reached upper boundary of channel (faster than expected) - see circled area. The arrow was the initial 'potential price path' .
