Anglo American Plc AGL | The structure I discussed in August is playing out, with the initial pullback slightly deeper than expected followed by a consolidation and strong buying activity which is seeing the share trade at 5 month highs. Note the gap close at 70700c. The 14-Day RSI approached overbought and failing to print a lower high while the price is printing a higher high. Friday’s price action guide for the share stated the following: “Near Overbought. Look For 1 – 2 days Upside Before Potential Bearish Reversal. Failure To Hold The Prior Session Highs Could Confirm An Ultra Short Term Bearish Reversal.
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