ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

Angus Energy price: ANGS makes a nice bullish effort against all odds

Share On Facebook
share on Linkedin
Print

Angus Energy Plc shares (LSE:ANGS) are essentially bullish, against all odds. Price has been making serious effort to stay above the EMA 21 for the most part of this year, although that effort did not yield any positive results in August 2021.

The market has managed to go above the EMA 21, and there is currently a strong daily bullish candle. At the same time, the William’s % Range period 20 is in the overbought region, showing the buying momentum in the market is very strong.

Sure, there could be occasional pullbacks along the way, as well as pauses in the directional movement, but this would be taken as opportunities to buy long at cheaper rates.

ANGS is currently around the price level at 1.05, but it is expected that the supply levels at 1.20, 1.30 and 1.40 would be attained within the next several months.

Teach Yourself Technical Analysis: Technical analysis

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).

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 Plc. ADVFN Plc 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.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: 1-888-992-3836 | help@advfn.com