Glencore breakout

Village Trader identifies an opportunity in Glencore

Glencore breakout

We have a nice ascending triangle pattern on the stock. Waiting for a close above the R64.85 level, then I will start building my position with a stop loss at R57.23.

If the inverse H&S pattern on USDZAR plays out, and the ZAR continues to weaken I would most likely push the the mining stocks