BHP FEB 17 38 Call, Enter:1.96 Stop: .1.70 Target: 2.37
NYSE:BHP 02JUN16 (Daily) - Low risk short trade if the market re-tests lows after a solid post brexit rebound. BHP should revert and test back at around $26.
From 1982 to 1997 the market, I believe, was valuing BHP fairly giving a good base-line for long-term growth forecast and intrinsic value given that the fundamental story does not change. Well the fundamental story did change... crazy unsustainable rises in the price of iron ore (a classic bubble & subsequent bust). From a market cap stand point BHP is the...
We are inmidst of an upward channe nd the latest retracement down has been corrected today.
EMA cross on BHP on high volume. A break of $27 would potentially see the underlying up towards $29 quickly and perhaps to test $30 200EMA.
With today's falling peice the downtrend confirmes itself. The indicators are still bearish.
Holds some similarities with Crude, coming into some support zones very soon Looking to buy for investment purposes in the next few months once a shorter term setup presents itself... interestingly I noticed it had a similar look to it as Crude Oil does which I will post in a post shortly
Pay it forward trade.. A great example of an HPS trade for next week. The lane divergence combined with the flag looks great. The only issue I see is that it might not give us the entry a bit lower