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Is BHP poised for a decline? Shooting Star Candlestick shows up after sinking 1.69%
BHP finished lower by 1.69% on Thursday, August 6th, trading 1.5 times its typical volume. Multiple bearish signals emerged — Shooting Star, Shooting Star Candlestick, Lizard Bearish & Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 87.25, 86.62 & 85.4, with resistance at 89.09, 90.31 & 90.94. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of BHP: A
This might just be the start. See what else showed up for BHP today.
Read full article here »