Angus Energy price: ANGS makes a nice bullish effort against all odds

 Angus Energy Plc shares (LSE:ANGS) are essentially bullish, against all odds. Price has been making serious effort to stay above the EMA 21 for the most part of this year, although that effort did not yield any positive results in August 2021.

The market has managed to go above the EMA 21, and there is currently a strong daily bullish candle. At the same time, the William’s % Range period 20 is in the overbought region, showing the buying momentum in the market is very strong.

 

Sure, there could be occasional pullbacks along the way, as well as pauses in the directional movement, but this would be taken as opportunities to buy long at cheaper rates.

 

ANGS is currently around the price level at 1.05, but it is expected that the supply levels at 1.20, 1.30 and 1.40 would be attained within the next several months.

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html