AGL- 200 day support broken!

10 mar 2023

Anglo has had two attempts at getting back above the 200 day moving average. Both of which, have failed. This is very bearish indeed. I think you can short this stock even ahead of the dividend. Support is a long way down and just eyeballing the level from where we are, I think there's at least R80.00 to be made on the short side, if you include having to pay in the dividend. I would close out the trade and take the loss if the stock has a strong close above the 200 day moving average. I don't see that happening today though...