Glen

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

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??

2 articles I found on GLEN

www.telegraph.co.uk/finance/comment/1180...-feed-the-world.html
www.telegraph.co.uk/finance/newsbysector...-Glencore-stake.html

Ta
G

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!

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'."

www.iii.co.uk/articles/260838/glencore-glued-record-low