Anglo Asian Mining Price: AAZ Has Some Upswings, Tending a Fresh Rising Cycle

PUBLISHED: 14 Apr 2025 @ 11:57 | Comments (0) | More info about Azeez Mustapha

As there has been the formation of a long bullish shadow candlestick that has emanated from between 90 and 100 spots, the exchange situation in the activities of Anglo Asian Mining Plc (LSE:AAZ) now tends to secure a fresh rising cycle if the subsequent movements keep spanning through variant barriers away from the trend lines of the moving averages.

As the current trade activity stands, most subsequent price actions are developing on a foundation of bullish momentum, as nearly all candlesticks reflecting the prevailing market condition exhibit upward-driven characteristics. Traders are therefore encouraged to act decisively in executing positions before the dominant trend reaches exhaustion.

Resistance Levels: 125, 130, 135
Support Levels: 110, 105, 100

What trend is AAZ PLC stock signaling as it oscillates through the EMAs?

It is likely that another round of upward trend has to be built up from the line of 100, as the Anglo Asian Mining Plc shares-holding firm has had some upswings, tending a fresh rising cycle.

The 15-day EMA currently trends above the 50-day EMA, reinforcing a short-term bullish bias. A recent wave of re-entries below the moving averages has triggered a sequence of bullish candlesticks ascending toward the convergence zone. Meanwhile, the stochastic oscillators, after dipping into the lower bounds of the oversold region, have pivoted upward and are now pointing northward, approaching the 40 level—indicating growing bullish momentum.

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