Anglo Asian Mining Price: AAZ Waxes Higher, Approaching a Fresh Peak

PUBLISHED: 11 Sep 2025 @ 13:45 | Comments (0) | More info about Azeez Mustapha

Anglo Asian Mining Plc (LSE:AAZ) has waxed higher, achieving a new 52-week peak at 200, buoyed by strong short-term momentum, improving investor sentiment, and robust technical signals pointing toward further potential sustainable gains ahead.

The stock’s advance, buoyed by strong short-term momentum, improving investor sentiment, and reinforced by robust technical signals, underscores market confidence in its resilience. With indicators aligning favorably, the trajectory points toward further sustainable gains ahead, fueling optimism for both short-term traders and long-term investors, provided the moving averages are kept safe from slippages.

Resistance Levels: 220, 230, 240
Support Levels: 170, 160, 150

Can the Indicators Align with Further Sustainable Gains If Moving Averages Remain Safe From Slippages?

Sustained upward momentum remains likely as long as moving averages hold above critical supports, confirming favorable indicator alignment and reinforcing investor confidence in continued bullish price progression.

The candlestick formation has predominantly exhibited bullish characteristics, clustering around the trending capacity of the shorter-term moving average. This alignment has consistently positioned the 15-day EMA above the 50-day EMA, reinforcing sustained upward momentum and signaling that buyers are dictating near-term direction. The Stochastic Oscillators’ northbound trajectory further emphasizes strengthened demand, suggesting that support remains firm between 180 and 170 while resistance levels could be tested with growing conviction if current momentum persists.

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