Anglo Asian Mining Price: AAZ Keeps Rising, Facing Resistances at 120

PUBLISHED: Mar 19 2025 @ 05:56 | Comments (0) | More info about Azeez Mustapha

It has been over a couple sessions that buying activities have systemically taken a dominance over selling habits to some reasonable length in the business exchanges of Anglo Asian Mining Plc (LSE:AAZ), as the current financial situation portends a keep of a rise, facing resistances around the value line of 120.

Aligning with the current positioning of the oscillating tools, indications suggest that bullish momentum is gradually strengthening, aiming for an upward breakout beyond the usual resistance zone around 120, in accordance with long-term market principles. However, in the interim, a notable retracement is likely to occur, facilitating a necessary market correction before a more robust resurgence takes shape.

Resistance Levels: 125, 130, 135
Support Levels: 110, 105, 100

EMAs or oscillators, which one is ideally going to depict the next trend of the AAZ Plc stock movements trading between 120 and 110 lines?

It is more likely that the oscillating tools will detect the direction that the Anglo Asian Mining Plc shares are going to push through afterward, as the price keeps rising, facing resistances around 120 values.

Since December, the 15-day EMA trend line has consistently remained positioned above the 50-day EMA trend line, maintaining proximity within the 120 and 110 zones. The stochastic oscillators have exhibited a slight downward retracement after an upward swerve, positioning between the 80 and 60 levels. A retest of the established support zones around the lower threshold is likely to provide AAZ Plc stockholders with renewed momentum, fostering a potential bullish resurgence in the subsequent trading sessions.

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