Angle Price: AGL Declines Further, Testing Support for Structural Recovery

PUBLISHED: 29 May 2025 @ 02:07 | Comments (0) | More info about Azeez Mustapha

As it is currently recorded, selling forces are holding a dominance in the exchanges of Angle Plc (LSE:AGL) around the critical trade zones of 8 points, given that the stock market is testing support for structural recovery as of this analysis.

A strong bearish candlestick is forming, signaling continued downward pressure as the dominant trend tests lower support levels. Sellers should be cautious about initiating fresh shorts, as momentum may soon taper off near key demand zones. Meanwhile, buyers are advised to monitor closely—any emergence of a bullish reversal candlestick could mark the foundation for a potential recovery, offering a more confirmed and timely reentry into the market.

Resistance Levels: 12, 13, 14
Support Levels: 6, 5, 4

With AGL Plc’s stochastic in oversold territory, is continued shorting still justified or is a reversal imminent?

As it is, it appears not glaring technically to continue with shorting fresh orders, as the Angle Plc stock declines further, testing support for structural recovery.

The 15-day EMA indicator is underneath the 50-day EMA indicator, denoting that a move to the negative side is still somewhat relevant, making 8 trade lines the pivotal spots amid persistent bearish momentum and declining volume pressure. The stochastic oscillators are attempting a degree of swerving into the oversold region, hinting at a possible exhaustion of selling strength.

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

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 Ltd. ADVFN Ltd 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.