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RossLarter

Inverted Head & Shoulders Breakout

Long
ANGLO AMERICAN PLC (JSE:AGL)  
RossLarter  
JSE:AGL   ANGLO AMERICAN PLC
Head and Shoulders jse ALSI angloamerican southafrica mining
9
0
headandshoulders jse alsi angloamerican southafrica mining
AGL has broken through the neckline of an inverted Head & Shoulders pattern and if it plays out, we could be looking at a nice target around the 60 000 level. I will proceed with caution, however, as the neckline is at a very strong level of resistance and may struggle to convincingly break through.
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