ANGLO AMERICAN - Analysis Anglo is at an important area which will dictate the next possible leg.
While price stays above R536 on the daily, a possible counter trend pullback is possible to test R590 or higher...
A break below opens the gates to R460
Consequently copper is close to a key bounce area of 3.18 which will help this counter if it finds support
Note: Price is below the medium term trendline and outside of the broadening formation
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
NGLOY trade ideas
ANGLO AMERICAN - Area of Interest - #AGLAnglo American has pulled back to a major area of interest where buyers may appear
Price action on the lower time frames may give an opportunity to get into a position for a long swing trade
Alternatively price will need to confirm support/reversal on the daily.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
If you would like me to have a look at any chart, direct message and i will post my thoughts, Happy Trading
AGLAGL - you'll recall this was a previous sell (see attached). I think it's getting close to a 'reversal buy' with the share trading in oversold territory.
OVERSOLD + Potential Countertrend Bullish Reversal (1) Testing and finding support at lower boundary of channel (2) Emerging from an oversold range (3) Potentially starting to find and build an ultra short term base (with long lower tail) (4) Extended vs monthly pivot (see upper blue horizontal line).
Trading Levels:
Buying: 607.03
Target: 645.00
Stop-loss: 593.00
Anglo Amerian UK Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Anglo American Plc- I recommended buying the pullback to 64800c
- Then again at 67400c
- Expected a minor retracement at
72300c.
- We saw some, then it continued
Higher.
- Is the current level near to where it
Retraces? Here’s what I’m seeing:
- Price at 61.8% bearish Fibonacci Retracement + near overbought with a
+70 7-day RSI reading.
- Sell plan | if it fails to hold the prior day’s highs or prior day’s close (Friday, 27 may) then that could signal the Start of an ultra short term pullback.
Anglo Diamonds PLC another diamond company that I follow- for atleast 5 years now-- besides lucara diamonds
just post some charts watching the 15 minute windows--over tomorrow and next week hoping to make some trades- and raise the prices. For their firms and accountants. not to mention the stock owners.
Look from a different AngloAfter a really strong run and heavily driven by a strong rally in Kumba Iron Ore, AGL appears to be coming back to reality. Breaking below new support with momentum firmly on the sell side, we could see AGL re-test the 50 day moving average from here. I make that R640.00 (ignore my "historical figures)