AngloAmerican (AGL): Potential Reversal Zone

2023年5月28日

AngloAmerican is at trendline (monthly) support as well as the 200 week moving average, it is in week 34 & can put in a weekly low, indicators (TSI/RSI) are showing positive divergence. We will look for price to move towards the resistance line (celeste colour), closing above that would mean we have a yearly low something of low probability given economic indicators.

2023年6月4日

註釋

AGL has closed above the green resistance, this confirms 24 May as a weekly low, trend shifts to bullish, ideally it backtests the resistance now support & close gap before moving higher.

2023年6月20日

註釋

AGL is nearing the backtest we were expecting, however we remain vigilant as price is susceptible to failure, the price point that will prove failure has occurred is going below R538.89, that would mean price drop for longer.

2023年6月25日

註釋

AGL went below the point of failure, now price is in time for a bounce but that can be expected to be a weak bounce before going down again. We can be alert to the fact that price is sitting on 200 week moving average with a reasonable expectation for a short daily cycle before turning up into a bull phase.

2023年7月8日

手動結束交易