RIO is the winner in performance compared to BHP and Glencore.
It's highly possible, that this will be also in the future...
So Glencore is on the sideline for the big miners in my strategy... BHP and RIO are more interesting.
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...
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.
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.
After 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...
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.
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...
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
First , 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...
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.
Glencore is still a short opportunity but mid-2022 looks to be the end of long run commodity bear trend. The company has a diversified basket of commodities, including nickel, which is famous because of electric vehicles.
*This is not a financial advice.*
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)
