BHP 0.29% $41.64 bhp group limited

run teddy run, page-12

  1. 2,085 Posts.
    lightbulb Created with Sketch. 209
    As implied by the subject this look like a "teddy bear" short squeeze rally IMO; new longs ATM look like bad idea, but a good opportunity to buy in at mid twenties coming up ~ if the 200 D_MA is busted some time soon. BTW oil looks to be double topping @ $69.....

    The NYSE chart suggests a rising wedge and price action doesn't seem able to make resistance (and just double topped IMO).
    Daily chart:


    Local market suggests BHP has already dropped out of rising wedge and currently backtesting resistance (just double topped as well with some stiff resistance upcoming).
    Weekly chart:



 
watchlist Created with Sketch. Add BHP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.