$JSEAGL - Anglo American: 64017 A Key Level To Watch
Anglo American released FY'22 results today and all key performance measures were down.
The share price has remained resilient though.
From the 49368 low, price has traded up in an impulsive manner.
The move from 64017 looks to be in three waves and could be a b-wave of a triangle for wave ((iv)).
A break below this level will prompt an update of the wave count.
There is no clear trade signal at the moment so we play the waiting game and monitor price action above the 64017 level.
The share price has remained resilient though.
From the 49368 low, price has traded up in an impulsive manner.
The move from 64017 looks to be in three waves and could be a b-wave of a triangle for wave ((iv)).
A break below this level will prompt an update of the wave count.
There is no clear trade signal at the moment so we play the waiting game and monitor price action above the 64017 level.
