Its reached the top of the channel after breaking through a monthly down trend line. Expecting a pull back of some sort. Big gap to fill at the bottom, and earnings out in Feb.
Price bounced off a multi month down trend, will wait for it to break out of immediate short uptrend to signal short, then go down and close gap.
I've always liked Ang - but with all the challenges businesses in SA face, and global drama it seems like a long-term downtrend will never end. And with current market uncertainty - it's a true fruit salad. That being said... this is what I see - please feel free to correct/teach me if you see I'm missing something. Very short-term: * Double bottom on the 4h...
Sell short if Price drifts below Yellow Trend-line. This is not a naked trade.
JSE:ANG Tested last break higher and making massive engulfing bar Long here with SL bellow today's low of the day
AngloGold has been the strongest stock of the gold miners and the strength continues. There have been some reaccumulation ranges that have formed. The latest range has been an upsloping range with institutional buying on the way up seen by the increased volume on the increases. We have seen a spring and break of the recent TR with volume pushing it along. Negative...
JSE:ANG Power of strong gold price and week rand. Up 35% in 9 trading days.
The price of gold has been in consolidation and looking weak. It is now testing the yearly pivot point. The JSE stocks have been reflecting this weakness with Harmony showing the most weakness. If the gold price breaks the yearly pivot point we could see quite a bit more downside. But it is holding and a break to the upside could mean an extension of the...
After a strong markup out of the accumulation trading range, there have been two steppingstone re-accumulations. The markup has broken the initial increasing trend channel and has now formed a steeper channel. Last week though we saw a climatic bar on volume and a strong reaction of the highs. There is divergence with the volume RSI. This indicates that a trading...
Gold stocks have been a leading sector in the Resources Sector. Currently, there has been some climactic action and I am expecting some consolidation. However, once the consolidation has completed which stock to take positions in on the next swing. Comparing the relative strength of ANG, SGL, HAR and GFI we see that ANG is the leader of the pack. GFI has also been...
JSE:ANG Making cup and handle if confirmed target around 20000 some 40% upside potential from here
AngloGold Ashanti is an internationaly acclaimed gold mining company with a geographically diverse and world-class portfolio of operations and projects. Headquartered in Johannesburg, South Africa, AngloGold Ashanti is the third largest gold mining company in the world, measured by production. The company was established in 1998 when the gold and uranium interests...
AngloGold has been in a very week down and has developed a base. We see the following volume signature: - a high volume Selling Climax (SC), - a Spring with Signs of Strength in the uptrend, - a high volume test, - followed by a low volume test indicating supply has dried up, - negative divergence with OBV and price at the spring and low volume test as...
JSE:ANG Trying to break from consolidation. First target should be around 16000 Ultimate target around 19000/19500
JSE:ANG Breaking higher again. First target around 16000 Final target around 19000
JSE:AGL Made nice cup waiting for handle to be made and break out. Massive upside potential if it plays out.