Anglo Asian Mining Price: AAZ Has Had a Peak Point, Settling for Reverses

PUBLISHED: 02 May 2025 @ 02:06 | Comments (0) | More info about Azeez Mustapha

It has been clearly demonstrated that most pushes being made in the exchanging operations of Anglo Asian Mining Plc (LSE:AAZ) have reached a peak point between 130 and 135, as the stock trade now sets for reverses below those values.

As the positional situation of the stochastic oscillators is presently portending, it shows that selling forces are on the pathway of ending sooner than later, most technically ideally if the market’s condition sees a return of bullish candlestick from underneath. In light of achieving that potential sentiment, the major underlying supports are being steadily built and reinforced around the 110 level.

Resistance Levels: 135, 140, 145
Support Levels: 110, 105, 100

Considering the current reversal pattern in AAZ Plc stock, does the setup now present a favorable entry point for initiating long positions?

Position staking proceedings might be suspended for a while, as the Anglo Asian Mining Plc shares have set for reverses below 135.

The 15-day EMA trend line remains positioned above the 50-day EMA, indicating that buyers are still maintaining a supportive zone as they attempt to sustain upward momentum. Meanwhile, the stochastic oscillators have slightly dipped southward into the oversold region, suggesting that bearish pressure is gradually diminishing and a potential reversal may emerge shortly.

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