BHP Group Limited (BHP:NZX)

26 July 2021


BHP Group Limited (BHP:NZX)

Technical Charting Summary: BHP shares have been on a strong rally since the covid sell off trending upwards following iron ore prices. While BHP shareswill be prone to some volatility at current levels, we believe there is still strong support to push through to new all-time highs with strong fundamentals,especially as it breaks past recent highs which normally would be “over-bought” signals when the RSI was at 70 a number of times the last 12 months (theblue marks).

BHP shares have been on a strong rally since the covid sell off trending upwards following iron ore prices. While BHP shares will be prone to some volatility at current levels, we believe there is still strong support to push through to new all-time highs

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