Glencore put in a double top back in March and April and since price has fallen 28%. Looking at Fib levels on the weekly chart price has now retraced 50% and has put in a hanging man candlestick on the weekly chart. The RSI is also dropping along with volume - making a short set up lucrative for the coming days/week. Couple this with the fact that the UK 100 has...
JSE:GLN sins are finally catching up with the share price in the JSE, after admission of guilt in US & Europe. The stock was weak last week, it's trading below key MAs. I expect JSE:GLN to continue to push lower, resources stocks are weak, there's enough downward momentum in the sector, that can help JSE:GLN to break the horizontal support.
Glencore has held up well and been a decent performer over the recent bear market. However the chart looks like this trend could be about to reverse. Double top here on the daily with a potential head and shoulders pattern forming. Decent R:R ratio.
JSE:GLN is showing signs of downward momentum based on the indicators of our momentum strategy. The EMAs crossed in a downwards direction yesterday while the stochastic both crossed downwards the day before. I think we could see a move down towards the previous support area at around 5780
I love this chart from an educational perspective. Markets move in cycles. Some sectors tend to be more cyclical than others and the resource sector definitely fits into that categorization and we can see that in the chart. So from a fundamental perspective, can one assume that Glencore has started a new cyclical trend? A great South African manager that i highly...
The MACD and Stochastic indicators on JSE:GLN are both signaling a downward move. However, it is currently trading around a support level (+-5800) and I will be inclined to wait for it to break through that level before entering short. If it does play out, we could see a move to at least the support level of around 4900.
After doing some research, I like this company. With the uprising of the EV industry along with COVID recovery in other industries (aerospace, infrastructure, renewable energy movement) I believe this is a good opportunity here for a rise up. Details in photo. Financials are getting better since taking commodity hits all 2020. New Management with a chip on the...
JSE:GLN has been trading in a somewhat sideways consolidation area since 3 December and with yesterday's large upward candle it has broken through the top as well as the 5000 level - this level is a strong level on the daily as well as the monthly chart and acts as a strong psychological level due to the round number. I think we could see a nice upward move from...
JSE:GLN is looking good for a long position on our momentum strategy, but may find some resistance at around the 4000 level. If it breaks through this level, we could see it move all the way up to 4300.
Glencore is still a short opportunity but mid-2022 looks to be the end of long run commodity bear trend. The company has a diversified basket of commodities, including nickel, which is famous because of electric vehicles. *This is not a financial advice.*
GLENCORE a continuation to the upside is possible after the support zone has remained solid
Glencore stock price potentially could re-test its previous support level, with recent price creating a higher-high. IF bullish sentiments still remain the same on the re-test, then a buy opportunity may likely occur below 128 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Previous idea developing... long opportunities could be on the table, soon...
When I look at long-term charts for stocks, I'm often looking for is the ability to double my money, sell half and recycle my capital in something else which will work hard to grow. Key levels above. Definitely worth tracking over the next few weeks.
Glencore more likely to have found an intermediate bottom. A re-test of a support at 230 may likely take the stock price upward... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
We have a beautiful downtrend on the higher timeframes. The price broke through the blue zone on the daily. The price pulled back than and found resistance around 255. Target is the 160 zone.
Glencore Xstrata PLC is a leading integrated producer and marketer of commodities, operating around the world and employs in excess of 27000 people. The group's commodities comprise of metals and minerals, energy products and agricultural products. Glencore is today South Africa’s largest exporter of thermal coal and is also the world’s largest ferrochrome...
Follow the comments on the chart! If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closing price must be below the Stop line, the shadows are not acceptable. LSE:GLEN EURONEXT:FTSE