Anglo Asian Mining Plc Price: AAZ to Resume a Correction

PUBLISHED: 10 Jan 2023 @ 05:33 | Comments (0) | More info about Azeez Mustapha

Anglo Asian Mining Plc stock price(LSE:AAZ) is getting set to resume correction as it has reached a higher resistance trading spot closely around 105. An indication has triggered to suggest buyers’ pushing pace is on the verge of exhaustion to allow sellers to make a decent sell order position as of the moment. Therefore, investors can also begin to rake in part of their profits at this point. Hence there is need to suspend launching of new longing position order.

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

Do the AAZ trade indicators still, suggest gains that break past upcoming resistance?

Variant trading candlesticks that have occurred over the trend lines of the EMAs now show a sign of rejections capable of degenerating into a convergence. Bears may begin taking positions when the assumed scenario begins to play out fully. The 14-day EMA indicator is above the 50-day EMA indicator. The Stochastic Oscillators are moving in a consolidation mode near the 100 level. That portends a warning signal against the potency of achieving reliable runs to the upside in most of the following activities.

Learn from market wizards: Books to take your trading to the next level

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 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.