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Glencore

Glencore PLCAfter doing some research, I like this company. With the uprising of the EV industry along with COVID recovery in other industries (aerospace, infrastructure, renewable energy movement) I believe this is a good opportunity here for a rise up. Details in photo. Financials are getting better since taking commodity hits all 2020. New Management with a chip on the shoulder I'm sure. Commodities include (zinc, nickel, copper, gold, silver, cobalt, coal, and I may be missing one or two more.) I can see some growth in this company. They also increased their dividends. They literally had to slow up on production due to covid demands. More companies will start shopping around. Let's see what happens! I bought 8 shares and will watch for dip re buys! I know this company will be around. I'll look forward to increasing dividends down the line. Like, Follow, Agree, Disagree! What do you think?
OTC:GLNCYLong
by Redimere_91
4
GLN - Broken through consolidation areaJSE:GLN has been trading in a somewhat sideways consolidation area since 3 December and with yesterday's large upward candle it has broken through the top as well as the 5000 level - this level is a strong level on the daily as well as the monthly chart and acts as a strong psychological level due to the round number. I think we could see a nice upward move from here possibly to at least around the resistance level between 5400 and 5500.
JSE:GLNLong
by RossLarter
2
WILL IT BREAK NOW OR WILL THERE BE MORE DOWNSIDE FIRST?Glencore Xstrata PLC is a leading integrated producer and marketer of commodities, operating around the world and employs in excess of 27000 people. The group's commodities comprise of metals and minerals, energy products and agricultural products. Glencore is today South Africa’s largest exporter of thermal coal and is also the world’s largest ferrochrome producer. Gelncore Xstrata’s strong history and global scope makes it a good commodity to buy with the expectation of long-term growth. The share has proven itself as a great performer when global economic growth is strong. Let's look at the technicals Weekly: There is not a lot of data to go by on the weekly timeframe since the merger with Xstrata in 2013. This means that we will still be waiting for quite some time to see a structure formation take place. As things stand now, on the weekly time frame there are a number of structure options. I am however using the low and the current high based on the recent double top in order to project a possible retracement level. I believe that there will be a move to the downside to test the 38.2% retracement level and possibly the 50% level. I will be looking for reversal indications at those levels respectively. Daily: Price is currently trading within a corrective formation. We could see a break to the upside on the current wave but I believe it is more likely that there will be a a move to the downside to test the Fib retracement levels and complete a larger correction. Ultimately I expect a break to the upside.
JSE:GLNLong
by Linton_White
#GLEN comment: H&S formation is intact, fall pressure increases#GLEN topped in the beginning of this year but since then the price rally lost its power though the company announced better results compared to the previous year. Technically, the share builds a H&S formation, which has a neckline around 339. If this level is passed down then there may be further fall, which can be interpreted as a correction (ABC) formation. This is not financial advice!!! Do not make financial decisions based on this analysis.
LSE:GLENShort
by The_Quantastic
GLEN: Glencore is in a strong uptrendI'm long $GLCNF/$GLEN here. I like the outlook for Cobalt, as the EV race intensifies. Supply of this metal is constrained, and as demand surges, prices will follow, intensely. With some luck, I'm correctly calling the bottom of this pullback, which gives us a low risk to join this trend. I'm already positioned from lower levels in $VALE, and also in $BHP, and $GLEN was the missing piece for my portfolio that gravitates around this and other themes currently. Best of luck if joining me here, Cheers. Ivan Labrie.
LSE:GLENLong
by IvanLabrie
4
Glencore looks set to leave a lower top formationThe bearish divergence as is shown by the falling channel on the RSI, coupled with the fact that 50-DMA has topped out suggests the stock is more likely to leave a lower top formation followed by a bearish break from the sideways channel floor seen at 308.30. Such a move would open up downside towards 277 levels (target as per the measured height method). On the higher side, only a daily close above the 50-DMA would revive bullishness.
LSE:GLEN
by TipTVFinance
Glencore – 186.15 is a strong supportGlencore’s brief dip below hourly rising trend line followed by a quick recovery above 186.15 (38.2% of 379.40-66.70) has kept the doors open for a re-test of 190 levels. The hourly indicators- MACD and RSI have turned sideways, leaving little room for a guess work. However, on the daily time frame RSI is losing height from the overbought territory, while MACD has turned bearish. Thus, the odds of a corrective move to 180.00 are high. A violation there could yield drop to 170.00. On the higher side, a day end closing above 192.00 would open doors for 200+ levels.
LSE:GLEN
by TipTVFinance