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Anglo American

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Low...Lower...AngloBig break today below both the parallel support-line & the 50-day Exponential Moving Average (EMA). Should this not be a false break, could see us test the R400 levels soon, with a break and close below R400 most probably testing the R387.50 levels. Strong support only at the 200-day EMA at R377.50. Would stay clear of any short-term long positions until we move back into the channel. Thomson Reuters consensus target price on Anglo's is still R445.10 & am I still extremely positive on the long-term prospects of the group. Would therefore use any weakness as a buying opportunity. Will keep you posted...
JSE:AGL
by SchalkLouw
1
AGL - Short Term ScenarioAnglo American Plc | With all prospective opportunities, we always want to remain open-minded to potential moves. More importantly, we want to be prepared to take action based on potential setups. A review of the short term (daily) chart for AGL sees the price in an upward trend but encountering selective selling at the R415 to R418 level. This consolidation zone (Box #2) appears quite similar to the prior consolidation period (Box #1) where we saw a brief breakout of the consolidation range followed by a reversal candle and subsequently trend lower. Could this again be the case over the next few trading sessions for the share where a 'pop' above R420 is follow by a 'fade'? Alternatively, the 50-day EMA (currently at ~R387.00-R389.00) may provide an opportunity on the buy/long side.
JSE:AGL
by LD_Perspectives
AGL v AMSAnglo American vs Anglo Platinum | Relative Chart has seen price clear the 8 and 21 EMA with subsequent clearance of the 50-EMA. Prior to this we saw the recent downward trend line being breached. R1 and R2 being targeted as the trend turns from neutral to bullish. Please also bear in mind we could see a pull back (re-test) from the break before the ‘official’ trend change comes into play. This chart forms part of a larger research note and should not be considered financial advice.
JSE:AGL
by LD_Perspectives
Anglo American PLCI expect to see upside from here on forward in the market. Spesifically to anglo the average down turn in 2007-09 we saw 54% losses followed by gradual upside after that. Based on that being one of the worst downsides if not the worst as a major support in the equities market and the luming fact that we might see a COVID 19 cure this year only spells upside. With Economies opening up and lockdowns in South Africa loosening all of this spells positive results for Anglo, this is Anglo PLC, Platinum and Gold. Anglo PLC I have opened positions in the range of: 32500-33100 BUY I believe Anglo has show the right methodollogy in the current market and will endure and grow, financials aren't the correct staff of measurement although it plays a roll, the true measurement staff would be where is the plans leading that a company is implementing. I expect Anglo to be back to the 40000 - 45000 range within the following 3-6 months major upside for day traders and shareholders (newly purchased shares).
JSE:AGLLong
by Econeo