ANGLO-AMERICAN PLC SELL
TARGET 219.50
The Major trend of NGLO-AMERICAN PLC it is showing strength for selling.
If it breaks the support level then one can initiate selling position in the stock.
Support level of 229.50 Target 219.50 with the stop loss of 229.50
CHART FORMATION:-
Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 40 levels with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustained below the zero level line.
TARGET 219.50
The Major trend of NGLO-AMERICAN PLC it is showing strength for selling.
If it breaks the support level then one can initiate selling position in the stock.
Support level of 229.50 Target 219.50 with the stop loss of 229.50
CHART FORMATION:-
Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 40 levels with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustained below the zero level line.