BHP Group
- Lester Davids
- May 29
- 1 min read
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"...one of the strongest names on the JSE however the reward-to-risk at/around current levels is unfavorable for new longs. We prefer a deeper pullback to initiate new long positions, and, while the trend does not favor short sellers, an major extension from the moving averages (8, 21, 75-EMA) would open up the potential for a tactical mean reversion sell..."
Lester Davids
Senior Investment Analyst: Unum Capital
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