BHP Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Declining port stocks and concerns over Brazil supply support a positive outlook for iron ore prices. A combination of strong iron ore prices and the recovery in the energy complex should continue to support the BHP share price.
We’ve added a new feature to our member area titled “Trade Table”. It’s designed to further filter our algo signals using the Pivot Point indicator and a cross back through the short-term momentum indicator 10-day moving average.
An example of today’s table results is displayed below. Look for the double up green arrows on the”long signals” and the double down red arrows on the “short signals”.
As the name would suggest, the Trade Table starts to create a framework for short term positions in the market. For more detail on how the Trade Table technology works, please join us during tonight’s webinar.