Descending Triangle formed on Anglo American and the price seems to be breaking below. If the ALSI continues down this will give a high probability short setup. 200>21>7 - Bearish RSI<50 - Bearish Target R405.50
JSE:AGL Down 6% today and making head and shoulders. Watch for neck line break.
JSE:AGL AGL made double top and confirmed, push bottom of keltener channel, pulled back to 20 ema and today making big engulfing bar, broke yesterday's LOD Target for the move is 386, SL is 406 today's HOD
JSE:AGL Consolidating in small flag after initial drop. Currently making big wick candle. If it breaks lower target should be around 37500, with extended target around 36500
JSE:AGL Looks like double top didn't have chance to reach target. $JSEAGL moved higher made bullish flag and looks strong. Target to watch are 38000 gap close, 39500 previous minor high and 40500-41000 area.
Anglo American has been trading in a strong upward trend. After testing the oversold line with volume and negative divergence on the volume RSI we have seen a continuation of the stride. After a small correction, some volume indicates that the upward momentum should continue.
JSE:AGL Back testing double top neckline, so far making inverted hammer. Look to short
Anglo has been trading in a well defined upward stride. After reaching the oversold line and yearly pivot point we have seen buyers step in as indicated by the increase in volume. There is also negative divergence with the volume RSI pointing to a continuation. Looking for the upward stride to continue.
Anglo American has been trading in a well-defined advancing channel (See the previous post following this advance below). Every time it has reached the oversold line there has been a spring type action and institutional buying indicated by volume increases. The difference with the previous occasions this occurred is that the volatility is greater and has occurred...