SchalkLouw

Low...Lower...Anglo

JSE:AGL   ANGLO AMERICAN PLC
Big break today below both the parallel support-line & the 50-day Exponential Moving Average (EMA). Should this not be a false break, could see us test the R400 levels soon, with a break and close below R400 most probably testing the R387.50 levels. Strong support only at the 200-day EMA at R377.50.

Would stay clear of any short-term long positions until we move back into the channel.

Thomson Reuters consensus target price on Anglo's is still R445.10 & am I still extremely positive on the long-term prospects of the group. Would therefore use any weakness as a buying opportunity. Will keep you posted...

免責聲明

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。