RE: Ref: SP20 Mar 2019 09:59
SCOOP, I have just been doing an update on my chart I have got set up for GLEN its a daily chart starting from the low of 5th December 2018.
I have a support line and a resistance line running, GLEN seems to be very consistent by dropping for 7 to 10 days down to support line then recovering to hit the resistance 7 to 10 days later making a new high each time then moving back down again.
Based on movements of the last 3.5 months this is on a good steady rise and cant see it going far outside the parameters of my chart lines unless something stupid happens in the market, E.g. copper his £7000 ton over night or the DXY goes up 10% in 24 hours these are very extreme circumstances, therefor my prediction will be that GLEN will hit 306 to 304 in next 7 to 10 days hitting my support line then it will move up to hit around the 325 to 327 resistance.
This will take us very near XD so it may just carry n up slowly improving towards XD, but that's really too far ahead and as you know a lot can happen between now and then.
DYOR and please use what I say but make your own decision Guys.
By the way im still totally out of GLEN