Long
BHP setting up a potential bounce
The failed head and shoulders pattern has suddenly made BHP look very different.We have already seen (last week) BHP make its first attempt at breaching the 200 day moving average before pulling back in the midst of the very confusing "trade war" rhetoric. We also have the London listing and Pound to consider but I do think that if this stock can settle above that 200 day moving average, it becomes quite a strong buy.
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.
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.