BHP Group: Levels of Interest
I have discussed and highlighted both the buy and sell leg of this name in recent months. These are merely new levels to consider.
RE-BUY PLAN | If you missed the final gap close at 50000c (and the overshoot to 49116c) then you should look to buy retracements to the 8-day EMA. Approximate Range: 51350c to 51700c. TF: Ultra Short Term 2 to 6 days
RE-SELL PLAN | Previously I highlighted the 3 downside gaps where the final gap was closed at 50000c with an overshoot to 49100c. This created a bottom which saw the share rebound to a high of 53499c by Friday’s close. An immediate push into the 54200c54600c range is a potential
opportunity to sell. This is the midpoint of the bearish 50-61.8% Retracement. TF: Ultra Short Term 2 to 6 days
RE-BUY PLAN | If you missed the final gap close at 50000c (and the overshoot to 49116c) then you should look to buy retracements to the 8-day EMA. Approximate Range: 51350c to 51700c. TF: Ultra Short Term 2 to 6 days
RE-SELL PLAN | Previously I highlighted the 3 downside gaps where the final gap was closed at 50000c with an overshoot to 49100c. This created a bottom which saw the share rebound to a high of 53499c by Friday’s close. An immediate push into the 54200c54600c range is a potential
opportunity to sell. This is the midpoint of the bearish 50-61.8% Retracement. TF: Ultra Short Term 2 to 6 days
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.