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8GC trade ideas

Glencore is could break down for the 1st time in years to R81.70M Formation has formed on Glencore. This was prior to an ongoing uptrend, until last year. Last year it moved into a range bounded state which has formed this M Formation near the end of 2022. Now we can expect a break down any day now below the neckline. There are other bear signs, and the biggest is RSI. 21>7 - Bearish Price>200 - TEST RSI has been forming lower highs since before the M formation. This is an extremely Bearish divergence where we can expect the price to follow. RSI<50 Target R81.70
JSE:GLNShort
by Timonrosso
Cobalt - Long; There is no such thing as a "cobalt mine"Cobalt occurs as a metal mining byproduct - mainly copper, zinc, etc. -, 80% of the world production is centered in the Democratic Republic of the Congo - which is neither democratic nor a republic, or a state. (It's claim to fame is perpetual genocides, an endless civil war, accompanied with abject poverty.) 70% of cobalt refining capacity accompanied with worldwide cobalt mining interests is held by China. In short, the DRC has the cobalt and China owns the DRC. The market recently became awash with the metal and prices promptly collapsed to multi-year lows. However, ... ... what about the "EV revolution"? ... (Which, I contend, is pure fiction on the scale as it is being imagined or rather, fantasized. But that's a longer story.) The fundamental factors - i.e. the physics/chemistry - remain the same; Lithium, the main component in almost every kind of electricity storage apparatus - i.e. batteries - is one of the least energy dense metal in the periodic table of elements. (Look at it's electron configuration and it will be immediately clear.) A pure lithium battery would be as effective as pissing into the wind. I.e. Lithium must be alloyed with something, most commonly with cobalt. Long story short, there are two (2) potential plays here; 1) Glencore (OTC:GLNCY) - Long; The main chart; Watch for that Double-top at $14, though! 2) China Molybdenum (OTC:CMCLF) - Long; Should one trust the Chinese? ... (Might care to factor that in!)
OTC:GLNCYLong
by Nemo_Confidat
GLENCORE PLC ORD GLEN/USD HIGH PRECISION TRADINGLONG GLEN/USD 1 day Shopping ✅ Entry Point: USD 510.0 Target : USD 640.0 Stall Brake : USD 498.0 Speculation is extremely risky and must be executed with money that we are willing to lose or touch the stop loss. Leave a comment that is helpful or encouraging. Together we can dominate the markets. Trading is the only trade in which the only one responsible for our actions is oneself, our worst enemy is oneself, here there is no one to blame, this is not a collective work, the only one who presses the sell button buy and knows how much to invest and where to stop losses is you, and only you, so always remember that. Important note: THE LEVEL OF LEVERAGE, the alert for taking early profits, the adjustment of the stop loss and the closing of forced operations are not made by this means. And also always remember to have control over your losses, focus on this and you will lose. Comment: WARNING!!!! I AM NOT A FUTURIST, I DO NOT MAKE PREDICTIONS. I AM A 100% MARKET OPERATOR, I WORK BASED ON MY EXPERIENCE, CONSISTENCY AND MY TRADING PLANNING.
LSE:GLENLong
by ANTICRIPTOVENGANZA
Glencore Short Weekly ChartGlencore put in a double top back in March and April and since price has fallen 28%. Looking at Fib levels on the weekly chart price has now retraced 50% and has put in a hanging man candlestick on the weekly chart. The RSI is also dropping along with volume - making a short set up lucrative for the coming days/week. Couple this with the fact that the UK 100 has had a great run recently coming off the lows with a consistent move higher. We are now however approaching all time high resistance where the market has U-Turned five times already this year. Indicating that we are in for a U-Turn back to the 200-period average. This impending reversal of the overall UK market will give strength to short positions in this market in the coming weeks. Of course, we don’t know for sure that it will reverse it could break out to new all-time highs but probabilities are in our favour. I do however foresee a bullish run for another week until price has retraced 100%.
LSE:GLENShort
by Just_Jacqs
Glencore UK Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
LSE:GLEN
by Sunstorminvest