10/04/2026
BHP Weekly Updateš£
We had a major milestone in February this year, with BHP breaking out above a key resistance level that has held for the past five years, making new all-time highs of $59 AUD.
Worldwide events aside, big breakouts like this usually result in some profit-taking, where we want to see price respect the key resistance level as support to confirm the bullish breakout.
As we wrap up another week on the stock market, BHP is still looking bullish and is continuing to shape up as expected.
As David Bird always says "If you can't handle the Zags, you don't deserve the Zigs".
