Econeo

Anglo American PLC

Long
JSE:AGL   ANGLO AMERICAN PLC
I expect to see upside from here on forward in the market.

Spesifically to anglo the average down turn in 2007-09 we saw 54% losses followed by gradual upside after that. Based on that being one of the worst downsides if not the worst as a major support in the equities market and the luming fact that we might see a COVID 19 cure this year only spells upside. With Economies opening up and lockdowns in South Africa loosening all of this spells positive results for Anglo, this is Anglo PLC, Platinum and Gold.

Anglo PLC I have opened positions in the range of:

32500-33100 BUY

I believe Anglo has show the right methodollogy in the current market and will endure and grow, financials aren't the correct staff of measurement although it plays a roll, the true measurement staff would be where is the plans leading that a company is implementing.

I expect Anglo to be back to the 40000 - 45000 range within the following 3-6 months major upside for day traders and shareholders (newly purchased shares).

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