BHP Group
At Thursday’s close, the share signaled a small negative divergence as it traded just above/into the 200-day EMA. The prior day we attempted to close the ‘gap’ from 21 March however was unable to do so. In London we closed at 30331 (-2.71%) therefore I am expecting weakness come Monday. For short term traders (i.e. intraday/overnight/ultra short term etc), the 281-287 range could be monitored for a potential buy.
At Thursday’s close, the share signaled a small negative divergence as it traded just above/into the 200-day EMA. The prior day we attempted to close the ‘gap’ from 21 March however was unable to do so. In London we closed at 30331 (-2.71%) therefore I am expecting weakness come Monday. For short term traders (i.e. intraday/overnight/ultra short term etc), the 281-287 range could be monitored for a potential buy.