Take Profit on Glencore: Full Target Reached at 9400c.

Research Notes January 2026 > https://www.unum.capital/post/rjan2026

Trade Local & Global Financial Markets with Unum Capital.

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Further Update: 29 January - Running +77%

The share is also higher by +43.6% since our original note on 07 August 2025 in which the price action model (tactical trading guide) looked for a counter-trend rebound. Well done to clients who took the opportunity to trade. The updated/current chart, with references are shown below:

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Previous Post (29 December): Glencore: Approaching 2nd Target + Higher by +39%; Medium Term Traders Consider Scaling Out (Take Partial Profits)

First target exceeded at 8300c. Now approaching second target at 9400c (200-week SMA). Trading above 9000c today for the first time since November 2024.

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Previous Post: 🎥Watch: Medium Term Target 8300c & Then The 200-Week ~9400c

Lester Davids

Senior Investment Analyst: Unum Capital