This week’s HotCopper Hot Stock tip has been one Wealth Within analysts Fil Tortevski and Pedro Banales have been waiting to speak about for some time: BHP Limited (ASX:BHP), one of the biggest companies on the market.

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“What I like about BHP is the level it found,” Mr Tortevski said, pointing to the $38 “base.”

The super-sized mining giant has had several bullish upward moves off the back of China stimulus – and “that bullish momentum is still in play,” the Wealth Within senior analyst continued, “until we break that base.”

Mr Tortevski then pointed to the weekly chart: “Is it a long-term play? Not so much, but there’s some really good opportunity medium to short term.”

“The only thing that would be is that it could poke to $43 before resistance.”

BHP last traded at $40.47 today after dropping 0.8%.

Proceed With Caution

Mr Tortevski and Mr Banales agreed National Australia Bank (ASX:NAB) could be one to “carefully” watch; its volatility shouldn’t get as bad as Week 8, they added.

NAB sold for around $35.39 today.

Not Hot

Finally, the Wealth Within duo warned Bendigo and Adelaide Bank (ASX:BEN) should be approached with a healthy heaping of caution. “Look at 2008… it’s working back. Seven times it’s hit a level it doesn’t like, so be careful.”

BEN dropped 1.76% through Tuesday to sell at $10.90 today.

This show comes in the lead-up to Wealth Within’s live YouTube show tonight at 7pm AEDT.

You can join conversations on Wealth Within’s tips on HotCopper here.

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