Anglo Asian Mining Price: AAZ Climbs Higher, Strengthening Bullish Momentum

PUBLISHED: 18 Jun 2025 @ 07:23 | Comments (0) | More info about Azeez Mustapha

Over a couple of sessions, it has been demonstrated that rising pricing actions have come to stay in the exchanges of Anglo Asian Mining Plc (LSE:AAZ), given that the price is now strengthening bullish momentum around the trade line of 160.

The strengthening trajectory has maintained a foundational range between the 160 and 140 zones, highlighting a critical accumulation area where buyers must remain tactically attentive. This zone reflects potential high-activity trading levels, supported by the continued northward alignment of the moving averages. Given these developments, traders may consider staying vigilant for viable reversal setups, particularly as most bearish pullbacks appear to be losing momentum within the specified range.

Resistance Levels: 185, 195, 205
Support Levels: 140, 130, 120

Is 140 Valid Technical Support Amid AAZ PLC’s Renewed Downward Trajectory?

Yes, it is, just as it has been mentioned earlier that 140 is the lesser value that showcases the major recouping area that the Anglo Asian Mining Plc stockholders needed to be wary of, given that the price climbs higher, strengthening bullish momentum around 160 as of this write-up.

The 15-day EMA trend line has extended decisively above the 50-day EMA line, reinforcing the dominance of bullish momentum and confirming sustained upward market pressure. Meanwhile, the stochastic oscillators have momentarily dipped southward from the overbought territory, now exhibiting a subtle curvature indicative of a potential bullish reacceleration around the 60 level—suggesting a corrective pause rather than a full reversal.

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