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TOPIC: Glen

Glen: trading range breakout? 18 Apr 2017 10:10 #1

  • remo
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This has broken out of the trading range. If this finishes the day below then this should head towards the 200ema area which is roughly the target of the trading range. That's at around 265ish


dl.dropboxusercontent.com/u/4899609/glen18thapril2017.png


this has also broken through the ichimuku cloud


dl.dropboxusercontent.com/u/4899609/Capture.PNG
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Last Edit: 18 Apr 2017 11:09 by remo.
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Glen 22 Sep 2016 23:28 #2

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Where next?

Cruised through the 100 day MA and touched the down trend line today but no significant retreat. Perhaps resistance at 236 will be the next test.
ScreenShot2016-09-22at23.21.34.png
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Glen 24 Jul 2016 20:00 #3

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Hi TF

I was in on this post-brexit - was long from 168 and closed at 189 - dont have any position now as I have found better opportunities! B)

This does look bullish - there is a 123 low breakout on the weekly

Glencore.jpg


Word of caution though - this fell from 318p to 69p in a matter of 6 months recently - which doesn't give me much confidence in the company itself!
dyor
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Glen 24 Jul 2016 13:16 #4

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Just come across this, I think this looks bullish imho. I'm planning to buy some of these tomorrow.

What do you guys make of it??

close up daily.

O like the way this held the 20 day ema, always a bullish sign, its back above the resistance at 178p and possibly a bull flag breakout.

glendailycloseup24july16.PNG


Longer term daily.
Trendchannel shows a possible move up to around 225p area as a best case for the upside.

glendailylongterm24july16.PNG


wdik, dyor, atb.
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Glen 21 Apr 2016 13:14 #5

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I am in Glen from 99p. Have sold half of the holding at 169p. Thinking of holding the rest until it hits 225p.
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Glen 20 Apr 2016 19:32 #6

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Support: 161.95,,,147(200ema),,,130,,,106.25
Resistance: 171.75,,, 191,,,,215.66,,,235,,,253.25,,,272


dl.dropboxusercontent.com/u/4899609/glen20thapril2016.png

elsgly wrote:
What do people think of the miners, I have glencore, has it got to the end of its run up? remo do you have support and Ressistance for Glen.
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Glen 20 Apr 2016 14:41 #7

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Cup and handle is a continuation pattern TF.
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Glen 20 Apr 2016 10:59 #8

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The weekly here seems to show a cup and handle breakout to me....which is off course bullish.

glen20apr16.PNG


The daily shows a bull flag, so if that cup and handle is not correct, the bull flag is also present.
However to add some caution here, as the rsi looks to have or developing a divergence....

seeing as this has been bullish....must give those bullish patterns benefit of any doubt.
I wouldn't buy at these levels....if i was holding i would be looking for move to the main trendline at around 225p...but watch carefully imho...

ATB, and as always dyor and wdik.
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glendaily20apr16.PNG
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Glen 20 Apr 2016 10:14 #9

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I'm thinking of shorting BLT at 996p
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Glen 20 Apr 2016 08:07 #10

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What do people think of the miners, I have glencore, has it got to the end of its run up? remo do you have support and Ressistance for Glen.
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