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BHP – Resting on Support

Our Algo Engine flagged a buy signal in BHP on the 3rd of May at $22.50. The stock is now trading at $23.50 and has developed a reasonable support structure, as displayed in the chart below.

We stay exposed to BHP on the long side and look for further upside. Apply stop-loss below $22.50.

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Chart – BHP

 

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