$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 now broken out of the channel added further evidence that the stock is now in wave .
Fifth waves can be very strong in commodity stocks so the question is how far can wave go?
Buy the dips, if we get any.
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 now broken out of the channel added further evidence that the stock is now in wave .
Fifth waves can be very strong in commodity stocks so the question is how far can wave go?
Buy the dips, if we get any.
