Is Anglo American about to break through the cloud?

23 thg 10, 2019

Interesting chart this one! Anglo American had been slowly (perhaps frustratingly) trending up for a large part of the year, recently consolidating into the cloud. However, on both the weekly and the daily chart, this stock is sitting on cloud resistance. What is also interesting is that on the weekly chart, there looks to be a tramline exactly where it's breakthrough point would be, which could cause resistance AND below it a sharper diagonal line to create a triangle.

I cant call this one but with the triangle I think it will track back into the cloud, ping off line support and then breakthrough to the upside.

Watch this space!

AAL