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Anglo American plcAA

Anglo American plc

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Anglo American PLC | ShortIf I'm analyzing a market, I always force myself to consider what the "other side" is thinking. In other words, if my research suggests a buy, I take a good long look at the chart, fundamentals and the market in general and think about what the bears might be thinking. I do this to try and ensure I don't miss anything. At least nothing glaringly obvious! A couple of days ago I posted an AMS chart, which in many ways is similar to AGL. And once again, I'm interested in the short side. Now, if I was interested in a long, what would I be after? Very simple answer when you look at this chart - if I wanted to buy, you wouldn't get me to place an order before 32600 at the very best. A buy here or anywhere before that is in no mans land, and if I were a long-term bull, like so many fund managers have to be, I want to buy at the best value that I can. So, if there is no point in buying until 32600, I'm happy to short here instead.
JSE:AGLShort
by glennhowell
Anglo American- I'm chasing the highAfter failing at the second attempt (Just above R400.00) at the recent high, Anglo has given us a fair enough pull-back to get long. Today's interim results, I think the share price will get buying support above R380.00. Although I'm not going to chase it, I am aiming to buy the CFD just below 385.00 (if it goes there). All of my momentum indicators have swung up into a positive direction and I'll be using the 50 day moving average as my stop loss. A breach of that will be my signal to exit. The target for profit taking is also rather simple... I'm chasing the previous high
JLong
by RobbyP
Anglo American - Bull run over?SELL – ANGLO AMERICAN (AAL) Anglo American PLC is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals, and bulk commodities. Fundamentals Anglo American recently delivered an impressive set of half-year results, yet the share price has fallen significantly in recent days. The company underwent a radical restructuring plan in 2013 and this had paid of handsomely with the shares appreciating over 900% since the 2016 lows. The increased concern over trade wars between the US and China has impacted the share price considerably in recent days with the shares falling over 20%. This could be the start of a deeper correction. Best Broker Target Price: 2900p (JP Morgan Cazenove 05/07/2019) Worst Broker Target Price: 1200p (Liberum 28/02/2019) Technical Analysis Anglo American has moved sharply lower in recent weeks, breaking a key trend support line that has been in place June 2017. The horizontal support at 1870p has also given way following the gap lower on the week beginning 5th August 2019. This completed a double top formation and suggest further downside will be seen over the short to medium term. The targets are the 38.2%, 50%, 61.8% & 78.6% Fibonacci retracement levels from the lows in 2017 to the highs in June 2019. Recommendation: Sell between 1800-1900p Stop: 2135p Targets: 1625p, 1465p & 1240p
LShort
by Investamate
JSE:AGL Anglo American Approaching OversoldAnglo 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 a shorter perioded of time after the previous event. So watch for a reaction from the oversold line on a lower timeframe but apply good risk management due to the volatility.
JLong
by SteynTrade