Anglo Asian Mining Price: AAZ Floats on the Upper Side, Inclining a Reversal

PUBLISHED: 28 Jul 2025 @ 20:33 | Comments (0) | More info about Azeez Mustapha

It has been a prolonged session marked by bearish weakness being gradually overpowered by the accelerating bullish momentum in the trading activity of Anglo Asian Mining Plc (LSE:AAZ), as the stock continues to hover around the upper price region near the 180 level, thereby suggesting the development of a potential reversal structure.

At present, there is no well-defined trading pattern supporting a solid confluence that could validate a sustained move above the buy-signal zones of the moving average indicators. Consequently, initiating additional long positions may need to be deferred until a strong bearish candlestick emerges from the upper trading region around the 180 level, which could signal a potential exhaustion of upward momentum.

Resistance Levels: 190, 200, 210
Support Levels: 160, 150, 140

Does an Overbought Setup With Rejections Above AAZ Plc’s EMAs Indicate a Shorting Opportunity?

Technically speaking, if the anticipated scenario materializes, a short-selling cycle could gain validity, as Anglo Asian Mining Plc shares currently trade near upper-bound levels, exhibiting characteristics of a potential reversal setup.

The positioning posture of the 50-day EMA trend line underneath the indicator of the 15-day EMA affirms that the appreciation mode of the stock trade is stably observed. The style that the stochastic oscillators have been showcasing indicates that the level of prevalence in the market by bulls is weighty.

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