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RossLarter

GLN short if it breaks through support

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GLENCORE PLC (JSE:GLN)  
RossLarter  
JSE:GLN   GLENCORE PLC
Trend Analysis Support and Resistance jse ALSI ZAR southafrica glencore jsetop40
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trendanalysis supportandresistance jse alsi zar southafrica glencore jsetop40
The MACD and Stochastic indicators on GLN are both signaling a downward move. However, it is currently trading around a support level (+-5800) and I will be inclined to wait for it to break through that level before entering short. If it does play out, we could see a move to at least the support level of around 4900.
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