Anglo Asian Mining Price: AAZ Trades Under 110, Attempting a Rally

PUBLISHED: Dec 21 2024 @ 11:33 | Comments (0) | More info about Azeez Mustapha

In the previous downward trending motion of Anglo Asian Mining Plc (LSE:AAZ) toward the main support point of 90, the market gained back momentum to now trade under 110, as the stock is attempting a rally signal.

More specifically, as long as the indicators do not quickly cross to the south side against the line of 100, a rebounding force is viable around the trend lines of the moving averages. Buyers should have joined the advances from the buy signal sides of the EMAs since a bullish candlestick has been developing.

Resistance Levels: 115, 120, 125
Support Levels: 95, 90, 85

Should buyers continue through various obstacles in the AAZ Plc shares, given that the oscillators’ stance postures indicate north?
Going by the reading outlook of the oscillating tools, buyers ought to have executed a longing order to safely push via some resistances to higher values, as the Anglo Asian Mining Plc shares trade under 110, attempting a rally sign.

Above the 50-day EMA indication, the 15-day EMA indicator is prominently shown. As of this writing, they also have a tendency to center their extreme sections around the number 100. The stochastic oscillators have driven southward formerly to the tune of 40 before swerving back upward to a place between 60 and 80. That indicates that buying pressures are relatively prevailing.

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