What is happening on Anglo Asian Mining stock (LSE:AAZ)?
The market has long been showing deadly struggle between bulls and bears; plus
the bulls are currently gaining upper hands. Wouldn’t it look better if the bears
accept reality and stop struggling? A blind man who is keeping malice with the
housekeeper would suffer by wandering behind the walls, without assistance.
Here, the price has broken the EMA 21 upwards and
would inevitable close above it, while possibly going further north. The
Williams’ % Range period 20, which oscillates according to the ups and downs on
the chart, is currently supporting the bulls’ victory. There is a good support level
at 30.00.
Conclusion: The
price on Anglo Asian would end up trending upwards. In spite of the turbulent
conditions since the middle of this year, this market has been showing a
tendency to keep up going north. Although large pullbacks can be expected
sometimes, the price would go further upwards. With this in mind, one can sail
the ocean of this market successfully. Rookies tend to be carried away by
unrealistic promises, but you can become a better trader without having to make
too many errors.
This piece is ended with the quote below:
“Sometimes
your worst experiences in life turn out to be the best in the end.” – Ralph
Acampora
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Eye-opening trading lessons:
http://www.harriman-house.com/experttraders
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