BHP Group: Levels of Interest
I have discussed and highlighted both the buy and sell leg of this name in recent months. These are merely new levels to consider.
RE-BUY PLAN | If you missed the final gap close at 50000c (and the overshoot to 49116c) then you should look to buy retracements to the 8-day EMA. Approximate Range: 51350c to 51700c. TF: Ultra Short Term 2 to 6 days
RE-SELL PLAN | Previously I highlighted the 3 downside gaps where the final gap was closed at 50000c with an overshoot to 49100c. This created a bottom which saw the share rebound to a high of 53499c by Friday’s close. An immediate push into the 54200c54600c range is a potential
opportunity to sell. This is the midpoint of the bearish 50-61.8% Retracement. TF: Ultra Short Term 2 to 6 days
RE-BUY PLAN | If you missed the final gap close at 50000c (and the overshoot to 49116c) then you should look to buy retracements to the 8-day EMA. Approximate Range: 51350c to 51700c. TF: Ultra Short Term 2 to 6 days
RE-SELL PLAN | Previously I highlighted the 3 downside gaps where the final gap was closed at 50000c with an overshoot to 49100c. This created a bottom which saw the share rebound to a high of 53499c by Friday’s close. An immediate push into the 54200c54600c range is a potential
opportunity to sell. This is the midpoint of the bearish 50-61.8% Retracement. TF: Ultra Short Term 2 to 6 days
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