Anglo Asian Mining Price: AAZ Rallies Below 110, Attempting a Reversal

PUBLISHED: 28 Dec 2024 @ 04:40 | Comments (0) | More info about Azeez Mustapha

From a closure technical perspective, the Anglo Asian Mining Plc (LSE:AAZ) now rallies below 110, as the stock operations are attempting a reversal motion.

The moving averages’ depictions of capacity postures indicate that the activity of the shares is on the rise. Bears shouldn’t permit the trade lines between 95 and 90 to break successfully downward in the long term, as they continue to be crucial trade support points. Nevertheless, the oscillating tools have exhibited a notable swerving pattern that points south. Those that choose long-term positions would need to be patient when carrying out directions.

Resistance Levels: 115, 120, 125
Support Levels: 95, 90, 85

As the shares of AAZ Plc slightly reverse, which significant market side needs to be deemed critical?
The first two underlying supports of 95 and 90 should be considered vital, given that the Anglo Asian Mining Plc stock rallies below 110, attempting a reversal movement.

The trend lines of the moving averages have remained strategically placed northward, as the 15-day EMA is positioned above the 50-day EMA at a closer point. The stochastic oscillators are briefly bent to the south direction, keeping a slight note of a touch of the oversold region. Buyers should be ready to latch on to any slight rebounding force.

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