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Anglo American PLC [JSE:AGL] - Trade Note

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Martin Harris
AGl 2nd shot .jpg

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
 
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