Anglo Asian Mining Price: AAZ Gaps Higher, Holding Near 240

PUBLISHED: 01 Dec 2025 @ 06:07 | Comments (0) | More info about Azeez Mustapha

Buy-side momentum strengthened after a breakout above recent resistance, triggering algorithmic entries and short-covering orders. Rising volume supported an upward gap, while sustained demand around key moving-average levels helped Anglo Asian Mining Plc (LSE:AAZ) stabilize and hold closely near the 240 zone.

Renewed accumulation from institutional participants pushed the stock’s price through its prior supply zone, activating layered buy-stops and reinforcing the initial upside gap. At the same time, broader market indicators and stronger momentum signals confirmed the shift in sentiment, allowing bullish volume patterns to support the breakout and help the price consolidate steadily while holding firmly toward the 240 level.

Resistance Levels: 250, 260, 270
Support Levels: 200, 190, 180

Does AAZ’s Higher Gap Remain Valid With Recent Candlesticks Forming Firmly Above the EMAs?

The higher gap remains technically valid as long as price action continues closing above the moving averages. This setup shows continued bullish strength, backed by smooth pullbacks and increasing volume. It suggests buyers still hold momentum, and the outlook remains positive unless the price drops below key moving averages.

The Stochastic Oscillators are trending upward, partially entering the overbought zone. Meanwhile, the 15-day EMA continues its steady northward trajectory, remaining consistently above the 50-day EMA, signaling sustained bullish momentum in the market.

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