Glenxtrata

this is what a 123 low looks like...

demo.chartsview.co.uk/learning/123-Low.html

just in case you missed - Marc Rich founder of the original founder of the trading house in the 70s, and famously pardoned by Clinton on his last day in office, died last week - RIP.

Now GLEN is at 257p. I am sure this is one of the best companies to be in ISA for long term.
But where to start buying in is the issue...
Anywhere from current price may be good. what has the expert in here think?
ta
G

dl.dropboxusercontent.com/u/7238706/GLENCORE%20XSTRA.png

Well the 123 didn't work out, yet; but there's still hope The SP is now approaching the 74.60% extension of the move down from, what I have labelled ( B ), at 399.00, so maybe that will prove to be the elusive '2'; if it doesn't hold, 254 that is, then I expect this to go all the way down to 205, being the 100% extension. I guess the lower it goes the better value it becomes. All just my opinion so DYOR.

Possible 123 low breakout....stops are below 259...This is still fighting with that level.
This is from this weeks chart tips.


dl.dropboxusercontent.com/u/4899609/glen18thjuly.png

Hi Remo,is there any kind of timescale within which these breakouts should happen and what are you focusing on target wise and does yesterdays price action(finish just above 272),give you any indication as to the possible success or failiure of the potential move?
Sorry about the inquisition..