A quick view of the monthly chart of Anglo American on the JSE suggests that bears are gaining the upper hand as a result of the upper tails formed on every attempt to rally beyond R320-R330 as can be seen on the candlestick chart. Bulls are just battling to gain any sort of momentum to move the stock beyond R330.This type of action is normally typical of a market distributing a stock. In addition, the monthly chart has formed bearish divergence where the stochastics indicator has been unable to confirm the new high in the stock price. I would be using this strength to take profit if I am long $JSEAGL or look to short here for moves back to potentially R270 and R240.
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。