Glen

What do people think of the miners, I have glencore, has it got to the end of its run up? remo do you have support and Ressistance for Glen.

I'm thinking of shorting BLT at 996p

The weekly here seems to show a cup and handle breakout to me....which is off course bullish.



The daily shows a bull flag, so if that cup and handle is not correct, the bull flag is also present.
However to add some caution here, as the rsi looks to have or developing a divergence....

seeing as this has been bullish....must give those bullish patterns benefit of any doubt.
I wouldn't buy at these levels....if i was holding i would be looking for move to the main trendline at around 225p...but watch carefully imho...

ATB, and as always dyor and wdik.
Trendfriend.

Cup and handle is a continuation pattern TF.

Support: 161.95,,,147(200ema),,,130,,,106.25
Resistance: 171.75,,, 191,,,,215.66,,,235,,,253.25,,,272


dl.dropboxusercontent.com/u/4899609/glen20thapril2016.png

elsgly wrote: What do people think of the miners, I have glencore, has it got to the end of its run up? remo do you have support and Ressistance for Glen.

I am in Glen from 99p. Have sold half of the holding at 169p. Thinking of holding the rest until it hits 225p.