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BHP Is Forming A Double Bottom

Based on the positive production numbers from their quarterly update earlier this month, we believe BHP offers value within $29 – $31 price range.

The stock is currently under an ALGO buy signal from $30.70 on September 11th. The recent price action reflects a potential “double bottom” pattern near $30.50.

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BHP goes Ex-dividend for $0.70 on the 8th March.

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