BHP - Massive volume breakoutBHP - Massive volume breakout Surged in Ion Ore prices has lifted prices in today's session with a huge price gap to the upside. Target 1 - 44.85, target 2 - 45.32, target 3 - 45.90, target4 - 46.95. Support at 43.85 and 43.10by Rotuma3
stay buyerstay a buyer it is very likely that the price will go up to $ 32.22 if the candle breaks the price forcefully then it will go up to $ 34by houssamali52
BHP Key 200 WMA| Oversold RSI| Volume Climax Evening Traders, Today’s analysis will focus on BHP, sellers are in complete control after breaking key technical levels. It has been rejected at a technical point that will dictate the overall trend in the coming weeks and months. Points to consider, - Strong bear break - 200 WMA – Current resistance - Local support respected - .618 Fibonacci in confluence - RSI coming of oversold - Stochastics in lower regions - Volume climax evident The trend is bearish for BHP, breaking key technical levels in the recent sell off. The 200 WMA is a vital level for the overall trend, current acting as resistance. Local support is in confluence with the .618 Fibonacci, breaking this level will target the 2.618 Fibonacci Extension. The RSI is currently extremely oversold; this is considered to be an oversold bounce if it recovers to neutral territory. Stochastics is in lower regions, can stay trading here for an extended period of time, however lots of stored momentum to the upside. Volume climax is evident; this suggests that the temporary bottom may be in. If BHP puts in a lower high, it will increase the chances taking local support out. Overall, in my opinion, BHP has a clear level, 200 WMA, a break will increase the bullish bias as the .618 will hold true. A rejection will increase the bearish outlook, thus the first target being the 2.618 Fibonacci Extension. What are your thoughts? Please leave a like and comment, And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee by AzizKhanZamani16
BHP.ASX with a BEARISH TARGET AS SHOWN after the COMPLETED TOP.THIS ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. BEARISH TARGET AS SHOWN ON THE CHART AFTER THE COMPLETED TOP.by thecharttechnician2
BHP Breaking downThis is an intuitive hit that just popped into my head today. I don't know the stock, but options are really good. Symmetry support at $51.17 My pendulum reading suggests it's going to breakdown from these lows it's been trying to hold. It's possible they are going to purchase another company or something, and the news creates the drop. Idk. I'm looking fro $45 in the next month, and maybe down to $41.50Shortby JenRzUpdated 4
BHP ASX - LongLooking at the levels , if we break the red we are looking for T1. Overall trend is still bullish. Longby Gold_Fish_Trading3
BHP LONGI have been watching BHP for a while BHP has been on a slow upward trend. BHP is involved in a new technology project and I think the stock during the first three months of 2020.Longby mthompson45115
Ew ScenarioPotential count forming expecting us to land and bounce somewhere in green box let's see how it plays out.by Swoop63
I'm just drawing lines for funI have no idea what I'm doing. But it feels cool to draw lines and such.Shortby showmeyourchartsUpdated 113
BHP STRONG BUY.Good trendline. Nice price action. Could see a bottom wick around the trendline or a doji candle this week. Longby SnipingRabbit3
BHP Reverse Head and ShouldersThis looks very much like a reverse head and shoulders, potential upside to around $42.Longby damiansloper5
BHP - I hate no brainer tradesSome times the slow moving obvious trades are the most profitable. BHP has been in an up trend for a good few years now and now it’s hit a resistance level. If it cracks it, a 20% appreciation to $46 isn’t unreasonable. Otherwise a drop to $36 is likely. Longby MadButcherWAUpdated 0
LONG BHP Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop. Longby jerryas3