ANG trade ideas
Buy $AU - NRPicks 21 FebAnglogold Ashanti Ltd is one of the largest gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Continental Africa, Australia, and the Americas. The firm generates a majority of its revenue from Continental Africa which includes Ghana, Guinea, Mali, the DRC, and Tanzania.
Anglogold Ashanti Ltd (NYSE:AU)
📈 Estimate Return: +18% 🟩
📉 Stop Loss: -6% 🔻
🏆 Reward/Risk: 3️⃣
🕔 Time: 2 - 5 Weeks
#ANG close to it's last line of defense JPow didn't do Gold any favours last night, and a strengthening ZAR/$ isn't helping. ANG is close to it's last line of defense @R290 ... below R290 there's nothing but air holding ANG up above R267, and in the distance beyond that R230. Could go any way from here - next R30 seems 50/50 either up to R320 or down to R260, but it's looking weak hiding under all JSE:ANG its averages. Which way are you positioned from here? JSE:ANG
Double Bottom with upward momentumJSE:ANG has formed a double bottom chart pattern and is showing some upward momentum based on the upward turn on the stochastic at the end of March and, more recently, the crossing of the EMAs and the upward turn of the MACD. If it breaks through the highs formed in early March, it might give us a nice upward move.
ANG Turning upwardsAll three of the "momentum indicators" have turned up with this morning's opening which could indicate an upward move on JSE:ANG . It has also bounced off of a significant support level which goes all the way back to August 2019. If it continues with the upward momentum, we could see an upward move all the way to the 40000 resistance level.
AAPL short Based on weekly stoch and much moreWatch banks
markets in trouble no its not a crash
time yet but qqq dropped 10% and that a start
$JSEANG Anglo Gold. Bear flag confirmationAnglo Gold Ashanti consolidated into what looked like a bearish flag pattern after a move down from 63000 to 30640. That bear flag seems to have broken, retested the flag break and are continuing the downward trajectory. Next target looks like 26800 levels.
ANG -1D - OVERSOLDEarnings coming up the 19th. Gold oversold. Rand overvalued. ANG oversold All instruments at bottom of a long upward trend line.
$JSEANG Anglogold built a decent base above the 50 day moving average, looking like getting above 362 triggers a long.
ANGLOGOLD - Long Idea #JSEANG- Looking at the monthly chart, price broke above the inside bar month and bulls managed to keep prices above into the close of the month.
- This is a 2-1-2 Bullish Reversal on the monthly and looking left, one can see its a major level (resistance => support)
- The setup looks favourable to target R442.08 zone with an aggressive stop below R336.10 or a more wider stop at R314.44
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
some bullish divergence on Anglo Gold AshantiWe have some bullish divergence on Anglo. perhaps the worst is behind us on the gold miners
AU(Higher High, Higher Low)Au is meaning to reverse on a bullish upside. We see the AU making Higher Highs and Higher Lows which indicates upside potential. Keep it simple! ;)
