Glen

Just come across this, I think this looks bullish imho. I'm planning to buy some of these tomorrow.

What do you guys make of it??

close up daily.

O like the way this held the 20 day ema, always a bullish sign, its back above the resistance at 178p and possibly a bull flag breakout.



Longer term daily.
Trendchannel shows a possible move up to around 225p area as a best case for the upside.



wdik, dyor, atb.
Trendfriend

Hi TF

I was in on this post-brexit - was long from 168 and closed at 189 - dont have any position now as I have found better opportunities!

This does look bullish - there is a 123 low breakout on the weekly



Word of caution though - this fell from 318p to 69p in a matter of 6 months recently - which doesn't give me much confidence in the company itself!

Where next?

Cruised through the 100 day MA and touched the down trend line today but no significant retreat. Perhaps resistance at 236 will be the next test.

This has broken out of the trading range. If this finishes the day below then this should head towards the 200ema area which is roughly the target of the trading range. That's at around 265ish


dl.dropboxusercontent.com/u/4899609/glen18thapril2017.png


this has also broken through the ichimuku cloud


dl.dropboxusercontent.com/u/4899609/Capture.PNG

GLEN Weekly

Currently fighting with the uptrendline.





BLT and RIO looking ok though.

Just a quick look here at Glencore, a big down move today...

glen - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...mKfHOw5DKQWd1ABXkbU=

No big gap down, nasty intraday sell off...no idea why, as i'm not seeing any news....as such.

so where is heading?

Glen - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...Bbh79iMMnnWiq%2Fk%3D

Longer term daily chart here, i think the best way to look for entries here is Pivot levels, this has lost a important 325p pivot, so maybe a retest, and then down to 275p pivot....

That is a must hold, because if it fails, then that could be suggestive of a more protracted and substantial move lower, the next pivot below looks to be sub 200p, around 175p area....

so 325p, 275p and sub 200p.....the key levels...lets see, i may get tempted to buy some at 275p (if we see that) with a tight stop...but if we see sub 200p fill yer boots time imvho.....

atb, wdik, dyor,
trendfriend