At the start of this year the stock started a rebound which was blocked off by the 55 EMA resistance (blue line).
The stock never got above my stop loss at 340 pence and on 11/05/2015 I got a second short sell signal at 293.3 pence.
Right now Glencore is trading at 68,62 pence and the downward momentum is high.
A falling knife is a very lucrative short position.
The daily chart confirms that there hasn't been any rally attempt since the last short signal I got.
Glencore is a large cap stock in the materials sector, in the industry of industrial mining.
According to an Australian public radio report, "Glencore's history reads like a spy novel..."
Click here to read the history.
Today it is hard to discover an happy ending.
Do you have a question ?
Do you want to get a second opinion on a stock, a currency pair or an ETF ?
Do you want to get timely signals to buy, hold, sell or sell short ?
Feel free to contact me at kiss4emm@gmail.com
You can ask your questions in english, french, dutch, german or spanish.
Arturo Botticelli,
kiss4emm
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