Anglo Asian Mining Price: AAZ Hovers Higher, Averaging 180 Barriers

PUBLISHED: 23 Jul 2025 @ 13:54 | Comments (0) | More info about Azeez Mustapha

Price lines between 180 and 160 have turned out to be the zones in which the next definite direction will have to be decided in terms of stock activities of Anglo Asian Mining Plc (LSE:AAZ), as the price currently hovers higher.

If upward movements in the stock approach the 180 resistance level without a decisive breakout—merely testing the zone closely—they may eventually transition into repeated rejections over the long term. Consequently, investors might be compelled to either take profits or temporarily exit their positions in anticipation of clearer directional signals.

Resistance Levels: 185, 190, 195
Support Levels: 155, 150, 145

Which indicator currently holds the strongest potential to invalidate AAZ Plc’s upward trajectory?

Several repositionings of the oscillating indicators within the overbought region, coupled with bearish candlestick formations around the 180 zone, may potentially undermine the upward trajectory of Anglo Asian Mining Plc shares, despite their firm stance in the current proceedings as the price continues to hover higher, averaging near the key value line.

A cluster of candlesticks has aligned along the 15 day EMA—positioned firmly above the 50 day EMA—underscoring a sustained bullish regime. The longer-term moving average is angling upward toward the 160 level, marking a critical support threshold that price must respect to avert downside risk. Meanwhile, stochastic oscillators remain elevated near overbought territory, signaling that upward momentum retains its underlying catalysts.

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