Glencore PLC

possibly Chief...
i don't have acces to charts atm, on daily chart can you check for the 20 day moving Average if possible please??
Is it around 110/111p from memory?

I may take a long of that level with a tight stop..
Must play each day at a time with this.... this is dangerous... only trade of support and resistance or the moving ave's.. with stops of just a few pence...imho
Any where is too risky imho..... in terms r/r...

Trendfriend

For a 123 to play out here are we looking at a retrace to 90p before it bounces?

This needs to get above the 50 day ema for additional gains.

You can see from the chart on Friday, this came close to the 50 day, within a couple of pence of the 50 day, before coming down.
If it does break above the 50 day, it should hit the gap, which was between 152/158p. Usually when a stock falls hard, big gaps act like strong resistance..and its take a real push to get above... so imho thats the best case for upside...

In any case this does not look likely to get the 50 day in the short term....
I would keep stops in place to protect capital... and/or bank some profits... just my honest opinion...

I could off course be totally wrong... but i'm keeping stops on all positions atm.. as expecting a fall on my main markets soon... and i have been the "moth in the flame" too many times..

Regards,
Trendfriend.

Shares halt, now what? Is this good because they are sorting things out, if it goes above £1.50, does everyone think it will be onwards and upwards? Is that what your charts indicate?

My trailing stop got hit here just now
its been quite a ride... lol, great week here...
will see where we are next week...

Nice weekend all, ATB...

trendfriend

elsgly.
been trading this all week as well...

im being flexible @ 142/143p 50 day ema.
above 143 look for gap @ 152/158p...
Chart from 6 Oct still good.
updated chart here...

uk.advfn.com/p.php?pid=chartscreenshotsh...FZu7U=&symbol=L^GLEN

Regards,
Trendfriend.