Saturday, 3 June 2017

ANG

AngloGold Ashanti conducts mining operations in Africa, North and South America and Australia, and undertakes exploration activities in some of these jurisdictions and in other parts of the world. In addition, the company is involved in the manufacturing, marketing and selling of gold products, as well as the development of markets for gold. At certain of its operations, AngloGold Ashanti produces uranium, silver and sulphuric acid as by-products in the course of producing gold.
 
Looking at ANG share price action, we noticed that the price has tested the new monthly support S1 and retraced sharply back to point D.  This new low and in conjunction with the previous low (C), formed bullish divergence with the Stochastic indicator (A).  Looking at volume, we see an increase in volume (B) and the price Pivot Point confirmed by point E's volume peak.  With all these information, we just might start to keep an eye on this stock. Remember these are the triggers and we have to wait for more confirmation on a possible trend change.
 

Trade with caution as the markets are very unstable and uncertain.
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