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4GLEN trade ideas

Glencore Plc vs Anglo American Plc (London)Late last week on the trading desk, I presented a technical chart highlighted my perspective of the monthly chart for Glencore relative to Anglo American Plc on the London Stock Exchange (LSE), with the comment as follows: The relative monthly chart for GLEN vs AAL is suggesting the potential for a long-term shift, where GLEN could outperform AAL. I've overlayed Albermarle (one of the world's biggest lithium producers) and Piedmont Lithium highlighting how the relative ratio chart could 'catch up'. Glencore's portfolio is well-positioned to benefit from the EV revolution which is in its infancy. Note the base having developed, with the price now having pushed up to a 17-month high. In addition, the 14-month RSI is attempting a 6-year downward trend line breakout. Note: For the sake of clarity, the chart presented here is without Albermarle and Pidemont. So far we have seen the relative price rebound twice off the 200-day and has advanced by +4% so far this week. Can it continue? For more insights, perspectives and real-time trade ideas, get in touch today.
LSE:GLEN
by LD_Perspectives
2
Is Glencore in a cyclical trend? I love this chart from an educational perspective. Markets move in cycles. Some sectors tend to be more cyclical than others and the resource sector definitely fits into that categorization and we can see that in the chart. So from a fundamental perspective, can one assume that Glencore has started a new cyclical trend? A great South African manager that i highly respect put out a note on their exposure to Glencore and relative underweight positions in other diversified miners such as BHP and Anglo. From a fundamental perspective, Glencore mines commodities such as copper, nickel and zinc, all of which have fundamental reasons why the demand in these commodities should increase over time. Copper looks a bit pricey at the moment, perhaps in need of a health pull back but over time it should increase in price. The signals suggest that the price of Glencore should rise over the short-term, however, i think it may then undergo a healthy pullback before its next leg upwards. So what is one to make of all of this? Well either buy in now and hold for the next 2-3 years or until the fundamentals change, perhaps taking profits at certain points on the way up, or wait for the pull back (if it occurs) and then buy in. In other words, buy in and hold or sit on your hands and wait. Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader. Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
OTC:GLNCYLong
by JesseMorgans
1
Glencore PLCAfter doing some research, I like this company. With the uprising of the EV industry along with COVID recovery in other industries (aerospace, infrastructure, renewable energy movement) I believe this is a good opportunity here for a rise up. Details in photo. Financials are getting better since taking commodity hits all 2020. New Management with a chip on the shoulder I'm sure. Commodities include (zinc, nickel, copper, gold, silver, cobalt, coal, and I may be missing one or two more.) I can see some growth in this company. They also increased their dividends. They literally had to slow up on production due to covid demands. More companies will start shopping around. Let's see what happens! I bought 8 shares and will watch for dip re buys! I know this company will be around. I'll look forward to increasing dividends down the line. Like, Follow, Agree, Disagree! What do you think?
OTC:GLNCYLong
by Redimere_91
4
GLN - Broken through consolidation areaJSE:GLN has been trading in a somewhat sideways consolidation area since 3 December and with yesterday's large upward candle it has broken through the top as well as the 5000 level - this level is a strong level on the daily as well as the monthly chart and acts as a strong psychological level due to the round number. I think we could see a nice upward move from here possibly to at least around the resistance level between 5400 and 5500.
JSE:GLNLong
by RossLarter
2
Investing in components players of EV sectorsFirst , read this article here Next, you read this here So, simply put, cobalt and nickel are two important components that are needed for the manufacture of EV batteries. We have already witnessed the parabolic moves of Tesla and Nio EV players. Of course, there are other junior miners that one can consider but Tesla would want to partner with a big player with reliable supplies so that their supply chain would not be affected. So, do you want to go for the pie or the crumbs of the business ? My analysis are often top down with simple logic before dwelling further into other aspects. Chart wise, there are 2 support zones to buy. 1. Buy a smaller position here. It is still riding on the bullish trend line since the March low and breaking of 2.40 would ensure it continues to charge higher . 2. Buy slighter bigger position than 1. This is in the event that the correction at 1 is not over and it continues to fall further. But, if you only want to wait for 2 to buy and if the Market does not offer you that, then you would miss this trade opportunity.
OTC:GLCNFLong
by dchua1969