This is becoming rather repetitive, but it seems that every second day Trading Central has something to say about BHP. Here are their latest utterances:
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Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on BHP Group Ltd (BHP:ASX). This bullish signal indicates that the stock price may rise from the close of 48.85.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event. This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology. |
I don't think it requires Trading Central's "automated interpretation of technical, fundamental and value based analytics" to figure out that after today's high of $49.36, BHP will more than likely head higher again tomorrow from today's close at $48.85. In fact, its 52-week high is $51.82, and even Goldman Sachs has a target price of $53.80 on it.
Here's hoping!
P.P.S. Recent closing prices:
17/6/21 $47.69 (Low $47.45/High $48.33)
18/6/21 $46.52 (Low $46.21/High $47.31)
21/6/21 $45.61 (Low $45.61/High $46.09) was this the bottom???
22/6/21 $46.68 (Low $46.33/High $46.89)
23/6/21 $47.16 (Low $46.80/High $47.45)
24/6/21 $47.60 (Low $47.36/High $47.79)
25/6/21 $47.90 (Low $47.77/High $48.10)
28/6/21 $48.40 (Low $48.04/High $48.54)
29/6/21 $48.06 (Low $47.65/High $48.12)
30/6/21 $48.57 (Low $48.27/High $49.10)
1/7/21 $48.22 (Low $48.18/High $48.74)
2/7/21 $48.55 (Low $48.16/High $48.59)
5/7/21 $48.45 (Low $48.21/High $48.58)
6/7/21 $48.85 (Low $48.64/High $49.36)
7/7/21 $48.80 (Low $48.01/High $48.81)
8/7/21 $49.66 (Low $49.38/High $50.03)
9/7/21 $49.48 (Low $49.11/High $49.63)
12/7/21 $51.05 (Low $50.87/High $51.33)
13/7/21 $50.70 (Low $50.70/High $51.61)
14/7/21 $50.96 (Low $50.73/High $51.22)
15/7/21 $51.53 (Low $50.78/High $51.66)
16/7/21 $51.87 (Low $51.27/High $51.91)
