AGL v AMS

Anglo American vs Anglo Platinum | Relative Chart has seen price clear the 8 and 21 EMA with subsequent clearance of the 50-EMA. Prior to this we saw the recent downward trend line being breached. R1 and R2 being targeted as the trend turns from neutral to bullish. Please also bear in mind we could see a pull back (re-test) from the break before the ‘official’ trend change comes into play.

This chart forms part of a larger research note and should not be considered financial advice.