JSE:GLN Glencore Stock Being Distributed

Aktualisiert
Glencore has broken the upward stride that was in place since 2016. After breaking the stride there was a decline on volume and wide spread bars indicating Signs of Weakness (SOW). The subsequent rally bars has smaller spread with declining volume indicating the demand has dried up and the distribution is nearly complete. Once the trend line for the current correction is broken the markdown could start. The Volume RSI also indicates weakness with volumes on green bars being lower than for red bars.
Anmerkung
The markdown seems to have started with a break of the bear flag.
Snapshot
Anmerkung
GLN continues to be week.
Snapshot
Anmerkung
The weakness continues.
Snapshot
Anmerkung
The distribution continues.
Snapshot
distributionjsejseglnSupply and DemandSupport and ResistancevolumenVolumewyckoff

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