BHP: 13 Year Inverse Head & ShouldersBHP Group Ltd : 13 Year Inverse Head & Shoulders on the Monthly. Also a 2 Year Inverse Head & Shoulder on the Daily. ASX:BHP
BHP trade ideas
Prime Number Bands 1- Trend analysis:
Higher prime numbers mean we are in an uptrend. When the bands are moving upward direction, the market has a Bullish Direction.
Lower and lower prime numbers mean we are in a downtrend. (If the bands are moving Downward direction)
2- Volatility:
Narrower bands mean stock price is less volatile.
Wider bands indicate share price is volatile.
3- Signals:
In an uptrend look for a spike down in prime band for a long position entry.
in a downtrend look for a spike up in a prime band for a short position entry.(Not my favourite scenario, though!)
A very strong stock to be kept absolutly in investment portfolioASX:BHP stock will touch 50 AUD in the forward looking mounth ASX:BHP
BHP GROUP LIMITEDBHP GROUP LIMITED
As we have done, we have said, "I love that there is a strong, good and continuous struggle.
BHP - Full Breakdown Using The Main Indicies PatternIn this special idea I apply the AriasWave methodology to a stock by incorporating the main pattern in Global Markets.
See related idea below for the DOW JONES to understand this pattern. I will post an idea shortly for the FTSE 100.
Using the AriasWave framework and the main pattern which a TYPE-2 ZIG ZAG I apply careful and precise wave analysis to this stock.
This will help you with targets and what the rest of the pattern will look like.
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BHP - INVERSE HEAD AND SHOULDERS. $58 TARGETIt doesn't get more beautiful than this. neckline outlined in dotted line with clear, concise left and right shoulder. 100% measured move at $58. long the throwback if possible.
BHP : whatch out for Head and Shoulders It looks like H&S formation is being completed in #BHP.
That potentially gives a hefty 40+% upside towards April 2011 high.
Go Long on Mining Stocks $BHPTime to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.
#BHP - 1D Timeframe - US ELECTION OPPORTUNITY - WIN-WIN?POLITICAL AND MARKET CONTEXT
Specialized on silver production that is a basic raw material of photovoltaic solar panels. Renewable energy consumes up to 30% of world silver production.
If Trump wins, price of metal might still rising due to his monetary (inflationary) policies.
If Biden wins, BHP will be a huge player as a raw material supplier of a possible boom of Solar and renewable energy
TECHNICAL ANALYSIS. 1D TIMEFRAME.
Historical support on $46.80 - $47.70 range. 4 clear rebounds on this level over last 15 months (yellow rectangles). March´s COVID-19 meltdown was the only time that this support was broken.
Last week this price range was tested again and showed quite strong even with a high seller volume . This time we've got MA200 assisting as double support just above Fibonacci´s 0.382 level.
Strategy: Monday and Tuesday sessions are crucial to confirm rebound on support pointed out. Specially with the high volatility and bear forces we might expect for this week.
If price resist this level and cross MA200, we´ll be able to open a long position with a target of $58.55 (+21.5%).
H&S on BHPLSE:BHP has formed a Head & Shoulders pattern and we could be looking at a possible short. It is struggling to break through the support level at the neckline, so I would wait for a break below this before entering short.
BHP - Looks like its headed back to pre covid Highs!Technical looking very strong leading into earnings. Additionally, fundamentally BHP will be paying healthy dividends and benefit from be in the right part of the resource cycle. For example, Iron ore is now virtually back to GFC price highs.
daily analysis of BHP GROUP LIMITEDHi friends
the daily chart of this market shows with a high probability that it will experience a bullish trend in the next few days but it is also better to be vigilant on the change of direction towards the reverse
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$BHP watching for confirmation from RSI (flattened) - done
MA 50 and 20 - looks like we have the 20 and had the 50
stoch - turn around
MACD - blue cross up
