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BHP in $US on the US ADR Market $US76.35

BHP

The medium-term technical picture for BHP in $US dovetails nicely with our view towards stocks and the reflation trade:

  • BHP is constructively consolidating its strong post COVID rally with an ultimate challenge of $US100 looking likely into 2022 i.e. over 20% higher.
  • Short-term we are buyers of the stock / sector on dips ~10% lower.
BHP
MM is bullish BHP in $US targeting +$US90
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BHP on the US ADR Market ($US)
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