Anglo-Asian Mining Plc has reached new heights

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Anglo-Asian Mining stock (LSE:AAZ) has reached news height in what can best be called a long-term bullish bias. The new height would be followed by higher highs.

The market has been trending upwards since the beginning of this year and right now, there is a new lease of bullish movement, which is a very strong one indeed.

The ADX period 14 is at the level 30, supporting a significant amount of momentum. The DI+ is above the DI-, meaning that bulls are holding sway. The MACD, default parameters, has its signal lines and histogram above the zero line. There is a Bullish Confirmation Pattern on AAZ.

Price is expected to go on to reach the distribution territories at 170.00, 180.00 and 190.00 within the next several months.


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