Anglo American Plc: Total Gain +12%; Strong Rebound In Line With Model Reading + Bull Flag

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Updated Chart Below: Scroll down for all original posts:

Previous Post (Monday 02 June): 10% Rally, Then Consolidation, Now Re-Emerging Strength

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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