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Glencore: Rebounding (+6.3%) + Generating Cash Flow For Short Term Traders

Lester Davids
4 hours ago
1 min read

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august

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Trading Glencore Plc (Thursday 07 August): Short Term Oversold + Potential For Counter-Trend Rebound

Our previous note expressed cautious optimism but also highlighted the risk of failure which would lead to a short/sell opportunity. The share has since sharply retraced from it's 200-day moving average and is now oversold, with potential for a counter-trend rebound.