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BHP forms Bearish Engulfing on August 11
BHP finished lower by 0.64% on Tuesday, August 11th, trading 0.7 times its typical volume. Multiple bearish signals emerged — Bearish Engulfing and Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 89.41, 88.79 & 87.84, with resistance at 90.98, 91.93 & 92.55. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of BHP: A
There’s more where that came from. See all of today’s signals for BHP here.
Read full article here »