Glencore : the technical picture remains bullish following 1H earnings
Jean-Christophe Rolland August 6, 2020 8:48 AM
The stock keeps trading in a bullish channel.
From a chartist point of view, the stock keeps trading into a bullish channel drawn since Mid-March and remains supported by its 50-day MA while the daily RSI is still in buying territory. As long as 173 is not broken, the bias remains bullish with 212 (December 2019 overlap) and then 224 (February 21st gap) as targets.
Source : TradingVIEW, Gain Capital
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