GLEN- Glencore

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

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

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

atb, wdik, dyor,
trendfriend

No Idea,where its going.
Going up like a rocket!!!
So furious didnt buy at my buy price !!!

Regret not buying this one... as one of my fav, jeez... 166p was my buy price...

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,
trendfriend

I mean to say trend lines and Support & Resistance..

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