Go Short Glencore
The Glencore share price has broken out of the upward channel and is showing a potential to come off further from its current price. The entry level for the trade is if the share price goes below 6100c with the potential to reach 5600c.
Stop loss: 6400c
Entry (SELL): 6100c
Target price: 5600c
Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.
Until next time, I wish you profitable trading.
All charts sourced: Bloomberg
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