Anglo Asian Mining Plc Price: AAZ to Push Into a Retracement

PUBLISHED: 20 Jan 2023 @ 10:34 | Comments (0) | More info about Azeez Mustapha

Anglo Asian Mining Plc share market price(LSE:AAZ) has continued to hold positions, prone to push into a retracement outlook in near sessions. Going by that notion, intending investors need to keep away until a round of lower-trading patterns establishes. As it is, the pathway of the stock company to the upside has reached a peak zone that could lead to a higher risk of opening fresh longing orders, especially if the price attempts a false upswing against the resistance point at 110.

Resistance Levels: 110, 115, 120
Support Levels: 95, 90, 85

At what will there be a change against the AAZ EMA trading indicators from being pointing northward?
Over a couple of sessions, the 15-day EMA indicator has moved closely beneath a series of candlesticks, representing a sign of confluence far above the 50-day EMA indicator. A sudden occurrence of a bearish candlestick against the smaller EMA trend line will potentially bring about more lows in the subsequent days. But, in the meantime, bears need to watch out for an active descending motion latch on within their coming back attempts. The Stochastic Oscillators have crossed their lines in what appears as the second round of waves against the 80 level. That implies that the trading days ahead from the current capacity won’t likely be to favor fresh buyers.

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