GLNCF Glencore PLC - Daily - Sell Short Here - Max Resistance

759 5 14
a year ago
Rally back to high volume resistance at 2.05.

Also, 2.05 is the price level with the most TIME as well and is nearly a 100% rally from the low at the end of September.

The CCI (11) is overbought, of course, since it just rallied 9 days from 1.07 to 2.076, a full 1.00 move.

Risk 10% to 2.25
Target -20% to -25% to 1.60-1.50

10/9/2015 10:15AM EST
a year ago
Comment: Close to target at the open today!
a year ago
Comment: 1.73 low today, target 1.60-1.50
a year ago
Trade closed manually: Low of trade so far was 1.6440 = not too far from the target at 1.60. Big rebound near $2.00 is creating great trading back and forth across the range. (I cannot sell short stocks under $5/sh, so I can't participate). Do you own due diligence. I think it is time to walk away from this trade. Hope it has been a winner for you.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
vaicru PRO
a year ago
It's ok
I follow You
timwest PRO
a year ago
GLNCF in the death spiral. The short squeeze ran a long way and rolled over now. Imagine the buyers who got in near $1.00 and then made 100% in a week! Wow. That is insanity.
timwest PRO
a year ago
1.73 low, targeting 1.60
timwest PRO
a year ago
If you don't take some money off the table when you are up 10% on a trade, then think about it. You can trade around the core position and make a lot more money than just sitting on your position.
+1 Reply
IvanLabrie PRO
a year ago
Should continue down I think.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out