$JSEAGL #Anglo Has A Fight On Its Hands
In the last couple of months we have seen the completion of a massive Head & Shoulders pattern on Anglo American PLC that has been in the making for almost three years. In my view the scariest thing of all is that this pattern sits on a Weekly chart! The price has clearly broken below the neckline and my view is that #Anglo will now really have to dig deep, if you don't mind me using this term, to get above that neckline fairly soon again. Failing to do so or any further loss of territory might see things not ending well, as the target projection of the pattern shows a possible price of closer to R200-00.
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