Analysis on JSE:BHPWe 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 investors and traders!
Disclaimer: This is just my opinion, you must take risks for your own trades. This is just a mere analysis on the stock from my point of view.
Jsebhp
$JSEBHPJSE: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-BHPJSE: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-BHPJSE: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 OverboughtBHP 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.
