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TipTVFinance
May 2, 2017 12:13 PM

Glencore - textbook topping pattern 

GLENCORE PLC ORD USD0.01LSE

Description

The daily chart shows a textbook topping pattern… here is the sequence –
Bearish RSI divergence
Breach of the rising trend line followed by sideways action
Bearish breakdown of sideways channel &
Now a falling channel
Looks like the share price is set to take out support at 292 and test the falling channel floor around 282 levels.




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