GLENCORE PLC

Sbo_Dhlamini

buy the pullback on the Zone a possible strong move to the upside

Sure_Trading

JSE:GLN is showing signs of downward momentum based on the indicators of our momentum strategy. The EMAs crossed in a downwards direction yesterday while the stochastic both crossed downwards the day before. I think we could see a move down towards the previous support area at around 5780

jhwolmarans

Small bull flag forming on GLN and looks like it is going to confirm today. I am looking for a move to R70 and then R72 as second target. Trade ideas are my own and not financial advice.

VillageTraderZA

We have a nice ascending triangle pattern on the stock. Waiting for a close above The R64.85 level. Then I will start building my position with a stop loss at R57.23

Peet_Serfontein

Upside price momentum supports the bullish trend. A price action above 6100 supports a bullish trend. Profit target: 6750 Stop-loss: 6050. The price action remains close to the lower range of the linear regression channel - which increases the likelihood of a mean reversion trade. RSI leaves enough room for further upside potential.

Sure_Trading

The MACD and Stochastic indicators on JSE:GLN are both signaling a downward move. However, it is currently trading around a support level (+-5800) and I will be inclined to wait for it to break through that level before entering short. If it does play out, we could see a move to at least the support level of around 4900.

AWPEARCE1

Glencore is showing overbought positions on monthly weekly and daily stochastics. If i were in this trade, i would stay in. As it is i would wait for a retrace to fibbonaci levels before entering a trade. News on antitrust case positive, as are fundamentals in general. Prices have run to far ahead to chase in my opinion.

VillageTraderZA

Glencore breaks into a higher box

VillageTraderZA

Glencore established itself in its 48-64 box. when it breaks into a bigher box I will add into my posidion

clive528

Glencore broke out channel and has been gain momentum

VillageTraderZA

Nice bullish flag on Glencore. After a strong break the 4362c resistance. My target for Glencore is 7000c with a stop around 5450c. If we take out the recent high around 5900c there’s a good chance that we are going to hit 7000c.

Sure_Trading

JSE: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...

VillageTraderZA

Glencore looking good on the long side. But I'm gonna wait for the trend to actually start running. waiting for my 30 week EMA , to cross above 60 week EMA

Sure_Trading

JSE:GLN is looking good for a long position on our momentum strategy, but may find some resistance at around the 4000 level. If it breaks through this level, we could see it move all the way up to 4300.

TraderPetri

This setup is finally starting to work by the look of things.

T2TWELL

Risk Reward 1:1.5

TraderPetri

Our long setup here has failed and it's starting to look like the bear flag is in play.

VillageTraderZA

JSE:GLN We have a beautifully clear Head & Shoulders pattern on the Glencore share. Shorting the share below the R38, Stop loss at the R40 levels (highs of the right shoulder), targeting the R32 levels (Height of the head)