BHP 1.43% $43.90 bhp group limited

buyback, page-32

  1. 2,541 Posts.
    Trades beautifully on MACD crossovers, does BHP. I'm not a big fan of the MACD, its usually pretty backward looking, but for BHP its a great call/put signal.

    That cross on 19 March alone will probably be enough for it to get to $33 without any retracement.

    I notice the brokers have been catching up in the last couple of weeks and have been upgrading EPS, price targets and buy recs for both RIO and BHP. $50 December target is derived from the overshoot from underweight investors doing the late catch up.

 
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