Glencore PLC

I'm out in my dealing account and in, in my isa, which way do you think this will, is it a good idea to get back in or will next week bring a retrace,
hope everyone has had a good week. I did the wrong thing trading and panic sold ( if I had waited a few days I would have regained losses. Good news is i bought low in my isa
Have a good weekend

Good move..

I suspect from the trading there is fair bit support at around 115, it may go on to test the gap.

However as i i sold i would much rather see the 123 low playing out.

As a caution move stop to profit....

I think this has got some legs to this move, as its holding above the 20 day ema...if it can break 115p i'm looking to go long with a tight stop (just below the 20 day ema). Bearing in mind the main market could dump anytime. I think its still a trade worth taking based risk/reward..

uk.advfn.com/p.php?pid=chartscreenshotsh...SPU%3D&symbol=L^GLEN

i think this may well close that gap between 152/158p before a bigger final drop imho....

Regards,
Trendfriend.

Its amazing how low this went. All you can do now is wait for a 123 low formation to give a green light.
Just following a simple 123 low formation would have meant that you would be out of this share for a long time. Just look at the chart and you can see why its great to trade based of a 123 low formation. There has not been any 123 low formation for over 5 months and that would have meant this share would have been avoided all the way down and it stops the bottom picking that many do.
Ive been waiting to buy into this share for a long time .
This share now needs to pull back so a 123 low formation could be formed.


dl.dropboxusercontent.com/u/4899609/glen5thoct2015.png

Tried to sell but came all the way Dow to 1.02, before TD direct trading would let me in, first time since nat west changed to them I have needed to do a quick trade (not good). Let's hope it keeps going up, (for us holders who were in above 128)