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Looking to buy Anglo American: Neighbour

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May 05, 2016 anglo american, buy, equities, joe neighbour, miner, miners, mining, saxobank, saxotrader, saxotradergo, saxotv, share, shares, stock, stocks, stop, target, trader, traders tale, trading, tradingfloor.com, tradingfloorcom
Joe Neighbour is looking to buy shares in Anglo American even if mining companies have taken a beating in the past sessions.

He says it is a bold call, but  Neighbour is basing his call on both technical analysis and the fact that miners have been a huge driving force behind the rally seen in the past couple of months.

Neighbour believes that the current dip in stock prices offers a buying opportunity and is looking to buy at 650-660 with a stop at 570 and a price target at 810.