StocksForexPro

Is Anglo American about to break through the cloud?

LSE:AAL   ANGLO AMERICAN PLC ORD USD0.54945
Interesting chart this one! Anglo American had been slowly (perhaps frustratingly) trending up for a large part of the year, recently consolidating into the cloud. However, on both the weekly and the daily chart , this stock is sitting on cloud resistance. What is also interesting is that on the weekly chart, there looks to be a tramline exactly where it's breakthrough point would be, which could cause resistance AND below it a sharper diagonal line to create a triangle.

I cant call this one but with the triangle I think it will track back into the cloud, ping off line support and then breakthrough to the upside.

Watch this space!

LSE:AAL

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