Anglo American PLC
This is one of my favourites to trade, as the share has been making higher highs for the last 6 months. Over the past few weeks the price has cooled off, but the chart suggests that the price has consolidated and is ready to test the highs again.
There is a potential bullish pattern in the form of a falling wedge, which I have highlighted on the graph, it has already made a potential breakout to the upside. A break above 275 could see the stock reach a target R281.00
- Entry: current levels
- Stop Loss: R263.00
- Take Profit : R281.00