Look! What’s Happening on Anglo Asian?

PUBLISHED: 12 Sep 2013 @ 00:23 | Comments (1) | More info about Azeez Mustapha

What is happening on Anglo Asian Mining stock (LSE:AAZ)? The market has long been showing deadly struggle between bulls and bears; plus the bulls are currently gaining upper hands. Wouldn’t it look better if the bears accept reality and stop struggling? A blind man who is keeping malice with the housekeeper would suffer by wandering behind the walls, without assistance.

Here, the price has broken the EMA 21 upwards and would inevitable close above it, while possibly going further north. The Williams’ % Range period 20, which oscillates according to the ups and downs on the chart, is currently supporting the bulls’ victory. There is a good support level at 30.00.

Conclusion: The price on Anglo Asian would end up trending upwards. In spite of the turbulent conditions since the middle of this year, this market has been showing a tendency to keep up going north. Although large pullbacks can be expected sometimes, the price would go further upwards. With this in mind, one can sail the ocean of this market successfully. Rookies tend to be carried away by unrealistic promises, but you can become a better trader without having to make too many errors.

This piece is ended with the quote below:

“Sometimes your worst experiences in life turn out to be the best in the end.” – Ralph Acampora

Eye-opening trading lessons: Lessons from Expert Traders

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.