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Glenxtrata

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12 years 2 months ago #9099 by Jackozy
Replied by Jackozy on topic glencore
321p is still holding this back but there should be at least 10 pips when/if it breaks. I'm watching for either a drop back to the short term uptrend at c. 309p (gap fill from Thursday close/Friday open) to form an ascending triangle, or simply a break of 321p.

See earlier chart for reference.
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12 years 2 months ago #9100 by diver993
Replied by diver993 on topic glencore

dl.dropboxusercontent.com/u/7238706/Glen...LSE%29%20%28-%29.png

Well I've got this as a wave iii of 1 of 3 which should get this to 343, though not in one go. Wave 3 should get us, eventually, to 409.

The mark to pass will be 335, and ultimately 348: if it fails to break this then its a continuation of the corrective sequence we have see since the inception of Glen. I, along with plenty of others, am hoping this bottomed at 256 but, until it's proven, this could be considered bottom fishing :)
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12 years 2 months ago #9112 by diver993
Replied by diver993 on topic glencore
This appears to be heading for the gap at 309-313. Worth a long from there:)
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12 years 2 months ago #9143 by ronnie
Replied by ronnie on topic Glenxtrata
Gapped up today above resistance, looking bullish. Another one from the share tips section with a 123 low breakout recently.


dl.dropboxusercontent.com/u/4899609/glen160114.png
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12 years 2 months ago #9144 by remo
Replied by remo on topic Glenxtrata
As long as it finishes above 322 then this should target the 350 area soon. :cheer:
This should be a free trade now
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12 years 1 month ago #9483 by Libero
Replied by Libero on topic Glenxtrata
Cup 'n' Handle formation?

using free ig charts...

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