Tuesday, April 21, 2015

Angle Stock to Go South

Yes, in what seems to be a recent bullish outlook, Angle shares (LSE:AGL) are tumbling. Towards the end of the last year, the market came down, going further downwards in January 2015. In the same month, there was a crazy rally in the market – it was truly a roller coaster ride.

Since February 2015, the market has been coming down gradually in spite of occasional bullish retracements. Now the market has closed below the EMA 21 and the Williams’ % Range period 20 is already in the oversold region. This indicates that the price is currently weak, and it may reach the demand levels at 60.00 and 70.00 ultimately.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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