Glencore PLC

Has the RSI broken the trendline support? i think it may have, and also closed below the 20 day SMA?

Would this indicate further indecision and possibly a further reversal as F4T stated earlier.

I was tempted to go short on for short term trades at 129, 123, and 118 over the last few days, but bottled it and just watched it go down. Mind you i did manage to trade it going up for 3 points at time.

would welcome views from resident experts..

A drop here cannot be ruled out...i did point out the downtrend has not been broken up yet.... so rallies could well get sold off..that is possible...

However i'm quite optimistic here for a bull run...
I make the rsi to have broken out of the resistance...(although it could turn back below intraday off course)
uk.advfn.com/p.php?pid=chartscreenshotsh...ssU=&symbol=L%5EGENL
I like that trendline break, and the move above the moving ave's... stops should be placed below that level imho..
I also think this trying to break out of inverted head and shoulders...
uk.advfn.com/p.php?pid=chartscreenshotsh...g%3D&symbol=L%5EGENL
I would appreciate Remo, and others looking at that, and confirm if that is a correct h/s please??

Lets see how plays out... i think its geared for a higer move, but lets see..

Regards,
Trendfriend.

My 13/10 post still stands on this in terms of target. Doji yesterday and RSI resistance warns of potential reverse.

uk.advfn.com/p.php?pid=chartscreenshotsh...g%3D&symbol=L%5EGLEN

Remo is right, this has been moving sideways recently.... and i'm looking to buy here as well...lol..
Been keeping an eye on this as well... since getting stopped out last week...

I think it broke above two important levels today the 50 day sma(at the third attempt), the close above that level is important imho....and the short term trendline
As long as this opens up tomorrow i intend to go long, with my stops a couple of pence below the 50 day...
Just remember if your long here... this is still in a down trend, until(and if) we get the 1,2 3 low @ 139.70.
So every chance rallies could well get sold off imho...so to try protect capital and as much profits as possible with stops imho...
This could now be positioned to attack that 139.70p... keep a eye on the volume to confirm it's the real deal imho...

Regards,
Trendfriend.

Supports...106,,,95(gap),,,66
Resistance...128,,,139.7,,,152.4,,,158.5(gap)

The green light for this share comes once the 123 low gets broken at 139.7.
This is currently moving sideways so looks good for a 123 low breakout soon. A good level to go long on this would be any move to 95 area as thats the gap support.Stops then would be placed below the low.
Im tempted to buy into this for the long term


dl.dropboxusercontent.com/u/4899609/glen2ndnov2015.png

Been watching this on a daily basis bouncing off 107/8 to 112 to 114 over the last week.

Took the plunge last week and bought at 112, a little higher than I would have liked.

Not too sure which way this will go, closed above 20 day ema which was at 114.75

Any ideas?