Technical trade note Glencore PLC (GLN) (15/05/2018)
Glencore PLC (GLN) is setting up for a buy if we can get a close above 6492c per share. The technical setup looks great and we can see an inverse head and shoulders pattern forming which is signalling a reverse in the price to the upside.
Full trade summary and chart below:
Trade: Glencore PLC (GLN)
- Entry (Buy): Close above 6542c
- Stop loss: 6076c
- Target price: 7025c
Source: Bloomberg
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