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TOPIC: Glen

Glen 16 Aug 2015 22:12 #1

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This is still dropping. So just wait for a 123 low set up to form before entering this. Simple.
The trend is clearly down so you should not be buying this yet. ;)


dl.dropboxusercontent.com/u/4899609/glen16thaug2015.png
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Glen 16 Aug 2015 21:26 #2

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Good article Paitech, seems like Glencore's large debts are hurting...
This could have some way to fall yet potentially... Possibly taking the whole sector with it?? :ohmy:
Last Edit: 16 Aug 2015 21:27 by Trendfriend.
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Glen 16 Aug 2015 00:01 #3

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Glen 13 Aug 2015 23:04 #4

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buy low sell high simple as that . Remember Tsco at 1.50 went back to 2.5 . Miners have been here before and jumped back just let me know where the bottom is my guess is 1.50/1.60 . thats the tricky bit!
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Glen 13 Aug 2015 15:48 #5

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Succumbing to industry pressures, Glencore's market value has slumped by more than 40% in the last three months, and the shares continue to trade at a faction of the May 2011 IPO price of 530p.

And JP Morgan reckons any rally will be short-lived, with balance sheet strains, loss-making operations and dividend concerns likely to reaffirming the downward trend. Analysts there predict Glencore's marketing business will miss expectations with just $1.1 billion of operating profit in the half. Their full-year target of $2.7 billion looks a long shot, too. Hitting that will need a 31% improvement on the first half, but second-half profit has not exceeded the first half since 210.

Given Rio Tinto (RIO) and BHP Billiton's (BLT) progressive dividend policies, Glencore is being left in the shade. JP Morgan added: "At current commodity prices, we calculate GLEN is at breakeven profitability in 2016 and loss making in 2017. We expect a 13.7% spot FCF [free cash flow] yield in 2015 will benefit credit not equity holders. We lower our price target to £2.10/share and we remain 'underweight'."
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Glen 13 Aug 2015 15:47 #6

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Glen 13 Aug 2015 08:58 #7

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Hi Paitech

Yep, this really been smashed..

I did go long on this on Monday @ 201p, it did bounce to 206p, so move4d stop up and got cut out... :(

Redrawn the trendlines, this is going back to when the company started trading..
Even this has broken the falling support trendline!! :ohmy: :huh:
uk.advfn.com/p.php?pid=chartscreenshotsh...TM4=&symbol=L%5EGLEN

Could be a bear trap break, must wait and see.... could well this has some way to go..
Tony Hayward is CEO of Glen now.. As well as Genl...he must be pretty depressed how things are going for him atm....
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Glen 12 Aug 2015 20:26 #8

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Glen 12 Aug 2015 20:07 #9

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Trendfriend,
U sure on this.. this has gone below the trend line unless it bounces back up...

Next target looks to be 166p. But, why buy this .. now, as the comodity prices is about to crash with chinese games on currently.
I am sure there may b a currency war now... also AUStralia in trouble big time.
I have GLEN, GENEL, PMO , TLW , OEX, IAE , BP in my radar list to buy...
ta
G
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Glen 09 Aug 2015 12:57 #10

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I think this is a buy, i intend to go long on this early tomorrow. Although the ideal trendline entry has gone, its still close enough, and still offers good risk/risk imho...
Stops below the support trendline..

This is the weekly. Looks like a hammer candle right on the trendline??
uk.advfn.com/p.php?pid=chartscreenshotsh...wqs8%3D&symbol=L^BLT

Close up on the daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...jmQI%3D&symbol=L^BLT

Reagrds,
Trendfriend :)
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Glen 11 Sep 2014 13:33 #11

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Follow up chart

image_2014-09-11.jpg
dyor
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Glen 10 Sep 2014 09:19 #12

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Was thinking exaclty the same F4T.
With the markets looking on the verge of a tumble, will this move higher?
I think it will, in fact some of the miners, may well be a safe haven, while the main markets have a retrace imo.
I never thought i would say miners and safe haven, in the same sentence! :ohmy:
Guess, you heard it here first. :cheer:

Don't have a position here ATM, i will buy a upwards breakout, if it happens.

Regards,
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Glen 10 Sep 2014 08:44 #13

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Looks like a classic bull pennant to me that generally breaks higher. Not quite in the apex yet.
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Glen 09 Sep 2014 17:38 #14

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I have order to open short tomorrow at 363 with a SL above 373

image_2014-09-09-4.jpg
dyor
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Glen next Resistance ? 02 Sep 2014 08:43 #15

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I'm long on this on the breakout @ 367p
uk.advfn.com/p.php?pid=chartscreenshotsh...M%3D&symbol=L%5EGLEN

Regards,
Trendfriend.
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Glen next Resistance ? 31 Aug 2014 17:04 #16

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This is in a nice bull pennant formation atm.(Basically the same as a bull flag).
uk.advfn.com/p.php?pid=chartscreenshotsh...Vo%3D&symbol=L%5ERIO

The good thing is its getting ready for a break out imho, if it breaks up, i will go long, the breakout would be @ around 369p, (falling daily), stops below the low of the pennant @ 354p.

If it breaks up, keep an eye on, and be flexible @ 377/380p, a break above and this could target a rise of the same size as the flag pole around 70p, so to 420p roughly.
This is also the target at the top of the rising channel as shown here.
uk.advfn.com/p.php?pid=chartscreenshotsh...nM%3D&symbol=L%5ERIO
Regards,
Trendfriend.
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Glen next Resistance ? 17 Jul 2014 12:04 #17

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Resistance: 357,,363,,400,,440,,509


dl.dropboxusercontent.com/u/4899609/glen17thjuly2014.png
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Glen next Resistance ? 16 Jul 2014 18:01 #18

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I'm wondering where the next resistance is ?

I don't know how to use Fibs for resistance but we've had highs of 400p back in sept 2012 and the start of 2013 so maybe that where it's going .

any thoughts ?
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GLEN 03 Jul 2014 11:08 #19

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Glen is doing nicely and has broken up through it's down trend ( thanks for that Remo ) but i'd like to ask about next resistance please ?

thanks in advance

Waser
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Glen 27 May 2014 10:59 #20

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diver, didn't make your 347 but did pull back as you suggested. So I guess you are still interested?

I am not going to pretend I understand your chart and fibonacci numbers, but GLEN intrigues me.
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Glen 15 May 2014 07:10 #21

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dl.dropboxusercontent.com/u/7238706/Glen...LSE%29%20%28-%29.png

Short-term this should make 347 before a pull-back, maybe to 325ish,then heading north toward 400.

The RSI is already pushing hard, though not quite broken-out yet.
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Glen 08 May 2014 09:40 #22

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Its broken through the short term down trend line, but the main down trend line is near by.

332 and 334 main down trend lines
This level has to be cleared before the new uptrend can take over ;) ;)

To post a chart just look above the emotions :P


dl.dropboxusercontent.com/u/4899609/8thmay2014glen.png
waser wrote:
am i right in seeing that Glen has broke up through it's recent downtrend line (made from the high of 19th feb and the 6th march ? and also it's resistance of 320 of the 9th April and 320 of 30th dec 2013 ?

i'm guessing next resistance could be 342 ?

sorry (after all these years) i don't know how to post a chart.

Waser
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Glen 07 May 2014 20:37 #23

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am i right in seeing that Glen has broke up through it's recent downtrend line (made from the high of 19th feb and the 6th march ? and also it's resistance of 320 of the 9th April and 320 of 30th dec 2013 ?

i'm guessing next resistance could be 342 ?

sorry (after all these years) i don't know how to post a chart.

Waser
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