$GLEN ( Glencore ) Good entry or falling knife? idea shown above.. falling out of the channel and possibly further downside risk
Next report date
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EPS estimate
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−0.10 USD
4.28 B USD
217.98 B USD
About GLENCORE PLC ORD USD0.01
Sector
Industry
CEO
Gary Nagle
Website
Headquarters
Baar
Founded
1974
FIGI
BBG00JSC0MJ2
Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other. The Marketing segment includes net sale and purchase of physical commodities, and provision of marketing and related value-add services. The Industrial segment deals with the sale of physical commodities over the cost of production and/or cost of sales. The Corporate and Other segment represents group related income and expenses. The company was founded in 1974 and is headquartered in Baar, Switzerland.
GLN.JSE Glencore Diversified Miner 1W FIB Study.Glencore - a Diversified Miner has recently broken to the downside of the Trading Range.
This is expected due to the weakness in the overall Commodity Market Cycle.
Using the Fibonacci Levels from High to Low, I see a possible retracement to the 50% Level.
As always, please get a few outside Expe
$JSEGLN - Glencore: How Far Can The Fifth Wave Go?See link below for previous analysis.
Glencore did not take long to reverse after the previous analysis.
The stock was in a hurry and did not go low enough to test the lower support channel.
The strong reversal from 8708 has prompted an update with wave labelled as a zigzag pattern and price has
Potential BUY !Details are on the chart to make it easier to follow the idea. This is not an advise to buy or sell the stock, sharing my knowledge. what are your thoughts?
GLENCORE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is
Our opinion on the current state of GLENCORE(GLN)Glencore, one of the world's largest global diversified natural resource companies, manages over 150 mining, metallurgical, oil production, and agricultural facilities across more than 50 countries. The company's extensive global presence and diverse commodity portfolio make it less volatile compare
$JSEGLN - Glencore: Triangle Invalidated; Re-look At The Big PicSee link below for previous analysis.
After prolonged sideways movement, price broke below 9230 invalidating the triangle outlook.
This has prompted me to label the advance from 7920 to 12433 as wave (5).
A look at the bigger picture fits an impulse as the five wave advance from 2254 to 12433 for
GLENCORE - Range IDEAThe stock is finding support around the R97-99 zone with at RSI which has turned up off oversold territory.
We could possibly have a leg up initially to the 200dma then the top of range at R110.
I'm happy to hold long while R95 holds on any daily close.
Glencore Facing HeadwindsGlencore is in the timing for a daily cycle low, price action has carved out a symmetrical triangle that can break either way. Our guide is the previous cycle low with a price of R99.03, anytime we go below this price we know the trend has turned bearish. We also see the megaphone pattern going back
Glencore ready to smash through its 6 month rectangleW Formation and Rectangle formation has formed since May 2023...
Now, we are definitely getting signs of upside, more than downside.
That's because the resources sector and precious metals sector is showing positive signs.
As we welcome 2024, investors will be using their bonuses and will be re
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