BHP trade ideas
BHP Long- Consolidating market : but within a Bullish market
- Coming down into an area of interest of support
- looking for T1 at 35's
- Stops below 31's
- Note: Its interesting to see these moves are made between 1-2 months apart.
BHP Billiton vs. CommoditiesComparing BHP billiton to Gold, Copper, and Oil - aka the "reflation" commodities. Note how there is a decent correlation that has completely diverged in the past few months. Billiton probably going to head downward
BHP Channel indicates fall ... Do you believe ?? If the channel is right, the asset will fall close to the Up Trendline...Let's follow up to see ...#luizdenot #xbroker #bhp
$BHP weeklyStop up here at AB-CD or first run the stops above that are marked with the thick red line - eitherway we are coming into a big area of interest
BHP.ASX Trade AnalysisBHP share prices fell below the price channel in today's trading session and now slipping into a bearish boundary. BHP share prices will need to stay above its 500 EMA line to avoid falling further.
Potential future support and resistance are marked on the chart
$BHPSo far retaken lows at around 30 - if can hold above this level can push to $40 - fail $30 then see lower. Looking at 12 month chart 1/2 way through year
BHP Bullish GartleyBullish Gartley with bullish divergence. It doesn't get much prettier than this!
Measurements
- .786XA
- 1.27BC
- AB=CD
Renko Manual Back Test with BHPTesting basic Renko system.
Enter Long when:
- 2 green bricks (top of 2nd brick + 5% brick size)
- Top of 2nd brick is above 10EMA
Stop:
- bottom of 1st full brick under 10EMA -5% brick size
Exit:
- 2 red bricks (bottom of 2nd brick - 5% brick size)
- close under 10EMA
Enter Stop Exit R Profit R Mulitple
19.05 15.95 28.95 3.1 9.9 3.1935483871
27.05 24.95 35.95 2.1 8.9 4.2380952381
36.05 33.95 43.95 2.1 7.9 3.7619047619
37.05 33.95 45.95 3.1 8.9 2.8709677419
39.05 36.95 37.95 2.1 -1.1 -0.5238095238
38.05 35.95 35.95 2.1 -2.1 -1
28.05 25.95 25.95 2.1 -2.1 -1
28.05 25.95 27.95 2.1 -0.1 -0.0476190476
So far so good.
BHP back up to the channel mid-point?Currently at horizontal and channel support. RSI trying to bottom out and turn back up. Has to get past 42. Otherwise it could form a head and shoulders.
BHP.ASX is on the verge of breaking out to the upsideBHP.ASX Share price is on the verge of breaking out at 2550 support price point to the upside on the 2- hour chart. Closing above 2550 could see further moves to the upside
BHP (Short - Swing Trade)
NYSE:BHP
02JUN16 (Daily) - Low risk short trade if the market re-tests lows after a solid post brexit rebound.
BHP should revert and test back at around $26.
Buy and hold BHP Billiton (Longer-term) From 1982 to 1997 the market, I believe, was valuing BHP fairly giving a good base-line for long-term growth forecast and intrinsic value given that the fundamental story does not change. Well the fundamental story did change... crazy unsustainable rises in the price of iron ore (a classic bubble & subsequent bust). From a market cap stand point BHP is the biggest mining company in the world. Thanks to globalisation they are now internationally diversified as well. The latest mining hot spot next to Australia for iron ore is South America (and in the near future Africa) & surprise surpise BHP had to foresight to get involved there. During the commodity price boom huge profits were made and BHP did the smart thing and bought out its biggest competitor in South America, Samarco. Supply driven boom bust cycles are excellent opportunities for large multinationals to kill smaller competitors and buy up valuable competitors at a bargain. This is likely what happened in South America. To top it off, BHP is now joint venture partners with Vale, which is the BIGGEST mining company in South America. They are now effectively a monopoly. The only risk would be political & government instability that will effect operations in South America (Unlikely). Iron ore is at RECORD LOWS due to over supply but demand stays strong as steel is needed for automobiles and construction both expected to rise in the future especially automobiles as China's middle class which is ENORMOUS along with other developing nations start demanding personal automobiles. They have also diversified into copper (cheap a.t.m.), coal (on its way out due to global warming) & Potash (used in fertilisers ,excellent). Now is a chance to buy BHP at its FAIR VALUE but it is NOT AT A DISCOUNT so be careful as there could be further down side so adjust your position size carefully and hold until copper & iron prices recover resulting in higher revenue forecasts for BHP resulting in higher share price. Sell when prices are unreasonably high. (CRITIQUING WOULD BE HELPFUL)
