Anglo Asia Mining Price: AAZ Pushes Upward, Tending to Hit 120 Barriers

PUBLISHED: 07 Feb 2025 @ 04:32 | Comments (0) | More info about Azeez Mustapha

In the proceedings of securing steady motions against the efforts of bears in the exchanges of Anglo Asia Mining Plc (LSE:AAZ), it is now observed that the stock market is pushing upward, tending to hit 120 barriers in the near time.

The current bullish candlestick formation suggests that bulls are driving the market toward a previous peak. However, additional upward momentum will be required to reach the resistance around 120, paving the way for a new higher threshold and sustaining long-term bullish momentum.

Resistance Levels: 125, 130, 135
Support Levels: 100, 95, 90

What is the AAZ Plc stock trade like as of this point from the angle of technicality in relation to the EMAs’ points?

The northward-pushing pace of the candlestick in the making portends that it is likely that the stock market is going to witness a pit stop around 120 if it tends to hold lightly positive in the long run, as the Anglo Asian Mining Plc is averaging barriers around the value line.

The 15-day EMA is exhibiting a slight upward slope, positioned above the 50-day EMA, with both indicators ranging between 110 and 100 points. Meanwhile, the stochastic oscillators have been oscillating near the overbought region. Buyers should exercise caution when approaching trade zones around 120, particularly if a reversal occurs swiftly in the near term.

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