We could see a possible correction soon on BHP and thus resulting in a short posistion we can take on BHP in the following days. Also with the economy not looking so good at the moment with the looting and destruction that took place this could be a chance to take a short position on stocks traded on the JSE and profit during the chaos. Best wishes to all...
JSE:BHP Trying to break above falling wedge on hourly chart, we had close above. More strength around here will push price towards 34800 and gap close.
JSE:BHP From false move come fast move. False break lower few weeks back run to the top of the range False break higher few days ago and looks going to test bottom of the range again.
JSE:BHP Bear flag in making with big red engulfing bar so far today
JSE:BHP Still early days but potential head and shoulders on daily.
JSE:BHP Support around 31800 held and now even small down channel was broken. Looks bullish to me at least until stocks hold above 31800
JSE:BHP Support holding for now. Good place to go long with SL bellow today's LOD
BHP has been trading in an advancing channel since 2016. Price is now at the overbought line of the advancing stride and a pullback and move to the bottom of the channel can be expected.