watching ...buyit has been in my watching for almost 5 months ...
it has broken descending trend line...
but ive not enter to it because i dont see passing of a major area and in the chart im looking for breakout of colored area and entry to buy position...
i believe s/r zone will be broken so watch it very nice...
good luck
AGL trade ideas
Anglo American – Bearish divergence & breach of rising trendlineThe daily chart shows bearish price RSI divergence followed by a breach of the short-term rising trend line.
The doors have been opened for a drop to 100-DMA levels, which is seen rising to 1020 over the next few days.
Bearish invalidation is seen only if prices retake rising trend line, while fresh buying is seen only in case of a daily close above the recent high of 1270.50.
Anglo American looking for some more downHi Everyone, AAL is looking corrective so we are waiting for it to break out of the lower trend line or bounce again off the top trend line. Once the trend line is broken we will be watching it on a lower time frame for a retest or consolidation before placing the sell order.