Anglo American Outlook

Financial Overview

Anglo American PLC (AAL) is a listed FTSE 100 (UKX) company based in London UK. Also is one of the most important mining companies in the world. Particularly, AAL has operations in America, South America, South Africa, and Australia. The mining company produces mainly Diamonds, Copper, Platinum, Coal, Iron Ore, Nickel, and Manganese.

Anglo American has a market capitalisation of £24.2B. Concerning the revenues, in the last earnings release (reported on July 26th, 2018), AAL declared an income decrease from 14.12B to 13,7B and a reduction from 1.36 £/share to 1 £/share. The next earnings release, corresponding to December 2018, will take place on February 21st, 2019. For the coming earnings release, analysts expect an increase in revenues to 14.037B and an eps near to 1.08 £/share.

Technical Overview

In the technical side, the mining company moves in a bullish cycle which started on January 2016, when the price fell to £215.6. That was the lowest level since November 1999. From that level, AAL made a bullish move surpassing the previous high, bringing a signal of recovery.

The AAL weekly chart shows us that the breakout above £1,422.6 level has activated a second bullish impulsive move with the first target at £2,162.4, and a second target settled at £2,490.6. The Invalidation Level of this scenario is below £950 level.

You can then join for as little as $19.99 per month, no strings, no contract, cancel anytime. This amount can be covered with just one profitable trade with us per month, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!