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Anglo American Plc: 10% Rally; Then Consolidation, Now Re-Emerging Strength

  • Writer: Lester Davids
    Lester Davids
  • 2 days ago
  • 1 min read

Research Notes For 02 to 06 June > https://www.unum.capital/post/r0206june

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za


Notice the strong candle structure with the potential development of a bull flag technical formation?



Previous Post (23 May): Anglo American Plc: Generating Cash For Short Term Traders (+Model Follow-Through)

Updated chart as of Friday, 23 May at 10h18 (South African Time):

  • This is a great example of a reading we don't often discuss: the bullish reversal trade!

  • A +5.5% gain from around Monday's lows (now +7% as of 11h03)

  • Some decent cash flow for the active trader.

  • The time-stamped model reading is shown below


Previous Post (Monday 19 May): Trading Anglo American Plc

Current Price Action Model Reading:


Current Daily Chart


Lester Davids

Senior Investment Analyst: Unum Capital

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