Thursday, June 15, 2017

A bullish journey begins on Angle PLC

A bullish movement has begun on Angle PLC stock (LSE:AGL). In the past several months, price has moved in what can be called a tight consolidation, prior to the breakout that is being currently experienced.

The breakout happened this month and this seems to be the beginning of a protracted bullish move. Price is now far above the upper Trendline and the RSI period 14 is in the overbought region, close to the level 90. While there may be temporary pullbacks along the way, price is expected to go further upwards from here.

Angle PLC is essentially a bull market, and the resistance levels at 85.00, 90.00 and 95.00 may end up being tested.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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