BHP Due A Pullback

This story features BHP GROUP LIMITED. For more info SHARE ANALYSIS: BHP

By Nick Linton-Ffrost

Emerging Sell

BHP Billiton ((BHP)) is trading near the top end of its nine-month trading range after completing a five-count rally from 35.20. We suspect these two factors turn the odds in favour of a pull back towards 37.00 over the next week or two.

Trading above 39.00 for 1-2 days negates our view.

Trading Tactics

Wait for sell signals over the next 2-3 days.
 

Another trading idea from

Fifth Wave | fwtc.com.au                                               

FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience.

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