BHP bearishThere is a triple negative divergence with BHP and the RSI and Stochastic RSI on the 3 monthly timeframe. BHP is forming a long term rising wedge on the log charts. We should get a reversal to the downside before the move up. by SamAbramsPublished 2
Buy ideaAs you see on the chart we will have a big probability to have an uptrend after the breakout with force the resistance line by a big green candle with a large green volume. So, in other hand we could have a reversal trend after the breakout with force the support line and the vwap indicator by a big red candle with a large red volume.Thanks!Longby PAZINI19Published 4
TARGET REACHED: BHP Billiton R598.37Target reached for Billiton from the falling pennant at R598.37 21>7 >200 - This tells us mixed feelings where the price could be moving sideways for the next few weeks. RSI>50 - Still bullish bias Wait for the next setup and breakout. Longby TimonrossoPublished 2
BHG to dropWe might see this guys starting to decline after breaking that last high, they may look for a block to mitigate below before pushing highShortby Mars_African_EmpirePublished 1
BHG BreakoutAlmost at the end of the trading week. Somewhat breakout confirmation on JSE:BHG . Market close will give a better confirmation.Longby Trend_Trader_JSEPublished 0
Nice Bullish engulfing as BHP retests the previous resistance Nice Bullish engulfing as BHP retests the previous resistance. The level held for support Stock looking great for a run higher. Still carries the risk of retracing the 50 day EMA. As it has run quite a distance away from itLongby VillageTraderZAPublished 1
BHGBHP Group (BHG) | Medium Term Near Overbought + Testing Prior Swing Highs | IN late October the idea was to buy BHG on a pullback to between 42200c and 42800c. The share retraced to test 42600c and has since seen a strong rally to test ATH’s on Friday. This is also the swing highs extending back to the peak of 01 April 2022 which may be encourage short term sellers to come out of the woodworks. Would I be a buyer here? No. Would I be a sellers here? No, instead I would look for an overshoot of the highs and failure to hold as a signal to sell/reduce.by techpersPublished 0
BHG pending breakoutJSE:BHG chart look something like a cup-and-handle. Whatever you see, a buy-stop-order around R581 isn't a bad idea.Longby Trend_Trader_JSEPublished 1
China's ban on Australian Coal is about to end.According to Reuters, "China Energy places an order to import Australian coal, sources say". If China's economy opens up, its construction industry will undoubtedly intensify. This will increase the demand for Coal. Additionally, as China lifts the ban on Australian coal, the biggest Australian Coal exporting company will most likely benefit from this shift, Glencore and BHP.Longby GoodwillBloomPublished 1
$RIO and $BHP break out from flagsBoth RIO and BHP have broken out from their flags. Yesterday, it was mentioned that they were setting upLongby TheHermitTrader_Published 3
$BHP and $RIO setting up for next leg higher$BHP and $RIO setting up for next leg higher - perhaps in line with China reopening.Longby TheHermitTrader_Published 5
BHP holding $42waiting to see if $42 is supported to see a move high, if not then possibly down to $30Longby T888BoPublished 2
BHG - Now +30% Over 6 WeeksNow +30% from original long idea on 01 November (see attached). Update: Approaching overbought & near tail-end of short term 'excess phase' + trading more than 2.5 it's std deviation over 200 days. For more research insights, including trade ideas, get in touch today. by techpersPublished 3
BHG: Consolidation before Moving for Top ResistanceBHG price is close to upper resistance, price can have a short-term pullback before attempting new highs on a weekly basis. The RSI4 is close to being overbought while it has been 21 weeks since a low on the share. The expectation is for price to make a swing high on the weekly chart & begin a downtrend which can allow the RSI to cool, price is then expected to challenge for the upper resistance of the megaphone pattern. Ideally this share is for those already holding or looking for points to take profit. by runyamherePublished 0
BHP Testing highsAbove upward sloping 20, 50 sma RSI 70 either overbought up trending Macd positive and above signal line Target = previous highLongby Advanced_AnalystPublished 6
BHP RetracementDeclining vol near previous high MACD Roll-over RSI Drop below 50 Might retrace to 50% and previous resistangeShortby Advanced_AnalystPublished 3
Update: BHG Long IdeaOriginal 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. by techpersPublished 1
BHGA comment from the client group. For more research insights, including trade ideas, get in touch today. 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 both the candle structure stabilizes (i.e. a character change) and that we started to see strong bids being maintained around these levels. Provided these conditions are met, the upside target is +46500c. The potential price path, unchanged from my related comment on 20-October, is also on the chart. by techpersPublished 2
BHG - Long position triggeredA 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.Longby RossLarterPublished 111
3 Short signals for BHP Billiton Group OUCHThis 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 Shortby TimonrossoPublished 111
BHP Australian Iron Ore OutlookASX: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% . tradingeconomics.comby MAXiotPublished 1
Macro Forecasting...Net beneficiary of green future - blue reaction lines should tag a buy climax in the future.Longby Swoop6Published 114