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ANGLO AMERICAN PLC -TECHNICAL ANALYSIS

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ANGLO AMERICAN -TECHNICAL ANALYSIS

Anglo American plc.

The technical looks that the price trending major trend is bullish and price trending near to 52week low, but in short term price trending into downside, point to be noted we don’t have any kind of buying pressure in daily and weekly chart but price reaching near to crucial long term support, as major trend is bullish our anticipation must be bullish, The major EMA 50, 100, 200, and 600 will be also acting as support, our current active trend line will be bearish so we can wait for trend line for buy or buy above 1572 as 1572 will be support now become the resistance, or another thing we can buy at support zone if we get any reversal pattern

BUY PRICE: AT ZONE of 1400, STOP LOSS:BELOW1270, TAKE PROFIT:2140, TIMES SPAN: 1YEAR

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