From The Dealing Desk 13-02-18

13 February 2018 | Caelim Hannibal

Anglo American PLC (AGL)


Anglo American plc is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Its segments include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other. De Beers is engaged in the diamond business. It holds interests in two copper mines: Los Bronces and Collahuasi in Chile. It has two ferronickel production sites: Barro Alto and Codemin. Its iron ore operations provide customers with iron content ore through assets in Brazil. It has metallurgical coal assets in Australia, and thermal coal assets in Colombia. Under the Platinum segment, the Company has operations located in the Bushveld Complex in South Africa, with the exception of Unki mine on the Great Dyke formation in Zimbabwe. It holds interest in various other individual assets across the bulk commodities.

AGL is currently trading at a key level at R270, representing an uptrend support level dating back to mid-June 2017 and is trading just below its 50dma at R271.83.  Support is currently at R267.68 and R262.08 with a break of the latter bringing R239 into play.

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credit: Graph Provided by Sharenet Advanced Online Charts

Trade AGL From 0.3%

The share does exhibit some good Risk/Reward qualities, as it is 1.9% away from its 5-Day Donchian Low and 10.5% away to its upside 10-day Donchian High.

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Caelim Hannibal
Securities Desk

Caelim graduated from the Cape Peninsula University of Technology with a NHD: Information Technology in 2002. Armed with an interest in financial markets, coupled with a strong IT background, Caelim embarked in a career at Sharenet in supporting the company’s infrastructure. His passion for trading and anything investment related saw him giving primary support to our Stockbroking partners. In 2016, he moved to the Sharenet Securities trading desk assisting Sharenet Securities clients with trade execution and platform support.

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