Anglo American – Bearish divergence & breach of rising trendline
The daily chart shows bearish price RSI divergence followed by a breach of the short-term rising trend line .
The doors have been opened for a drop to 100-DMA levels, which is seen rising to 1020 over the next few days.
Bearish invalidation is seen only if prices retake rising trend line , while fresh buying is seen only in case of a daily close above the recent high of 1270.50.
The doors have been opened for a drop to 100-DMA levels, which is seen rising to 1020 over the next few days.
Bearish invalidation is seen only if prices retake rising trend line , while fresh buying is seen only in case of a daily close above the recent high of 1270.50.
