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TOPIC: GLEN- Glencore

GLEN- Glencore 02 Feb 2021 21:46 #1

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glen - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...E72fdIryp2E2eEhZQ%3D

this doesn't look very bullish suddenly as well..... :whistle:

242p is the key, may take a tumble if it fails......

atb, wdik, dyor,
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GLEN- Glencore 06 Jan 2021 18:33 #2

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No Idea,where its going.
Going up like a rocket!!!
So furious didnt buy at my buy price !!! :dry: :(
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GLEN- Glencore 03 Dec 2020 22:32 #3

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Regret not buying this one... as one of my fav, jeez... 166p was my buy price... :pinch:
Last Edit: 03 Dec 2020 22:35 by Paitech.
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GLEN- Glencore 05 Nov 2020 22:38 #4

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glen - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...l9yJHPLBoAXH9FLX8%3D

i think this needs to get its head above the red channel and ultimately the key 200 day ema line on the daily.
no break no higher.... ;)

i'm surprised this has been so weak.....smaller cap miners are enjoying a really strong bull market atm...especially gold stocks...

Paitech.....your chart was actually good....the resistance line is the same as mine... ;)
Price action so often bounces from straight lines...trendlines or horizontal support lines...

watch the ema lines imho... ;) the 20 day...50 day and 200 day ema lines...

look for positive and negative divergences. Glen had a clear negative div right on the 200 day ema line....which was a clear sell signal and sign of short to mid term weakness imvho...

for books i always recommend these two books...
"Technical Analysis of the financial markets" by John J Murphy
the second one is "Technical Analysis of stock trends" by Robert d Edwards and John Magee.

I think both books are worth reading or keeping as reference guides...even if anyone has a only a passing interest in charts... ;)
if your going to buy only one of the books then i would say the book by John J Murphy in my opinion would be the one.

hope that's useful....stay safe everyone...and keep well during these testing times... :)

atb, wdik, dyor,
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GLEN- Glencore 03 Nov 2020 19:06 #5

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I mean to say trend lines and Support & Resistance..
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GLEN- Glencore 03 Nov 2020 18:20 #6

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I am surprised, I couldnt find GLEN in any of our discussion before... so I thought of starting this thread.

TF, et all, I need it of help....

I am still struggling to draw simple support and resistance lines...

I have done weekly and daily charts, for GLEN, and can you please tell me where I am going wrong...

Any books which I can use to firm up my basics would be nice.

THanks to all
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Last Edit: 03 Nov 2020 18:21 by Paitech.
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