AGL pays a solid dividend & looks a good buy, especially for long term portfolios. Decent entry is at current levels or if your conservative wait until major resistance level breaks. Minimum target level is atleast the last high of $23.00.
Anglo American has been trading in a well defined upward trend (see posts below). After testing the oversold line there has been a good advance and the recent highs are being tested. A break of the highs should see a test of the top of the trendline.
If I'm analyzing a market, I always force myself to consider what the "other side" is thinking. In other words, if my research suggests a buy, I take a good long look at the chart, fundamentals and the market in general and think about what the bears might be thinking. I do this to try and ensure I don't miss anything. At least nothing glaringly obvious! A...
Michael Porter on the Unum Capital Trading Desk likes the +AGL / -BHP pair. I might be a few days late on this one, an the ex Div date a few days back does affect the pair. entry 1.006 with a target of 1.095 (TP) and SL of 0.963
JSE:AGL has broken through a quite significant support level and confirmed it with an open and close below. We could continue downward with the current momentum.
JSE:AGL has broken through a quite significant support level and confirmed it with an open and close below. We could continue downward with the current momentum.
JSE:AGL has broken out of a parallel channel that it has been trading in for almost a month. I have entered a long position due to this breakout as well as breaking higher that the last fractal
JSE:AGL has broken through a descending resistance line and is looking good for a long position. For the more cautious trader, I would wait for it to close above the resistance level and the fractal before entering.
JSE:AGL is bouncing off a support level at the moment with the stochastic turning up. This could possibly mean a reversal, so if it continues upward I am entering a long position.
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...
JSE:AGL After breaking small box, $JSEAGL made another this time bigger box. Look for the break above
Bullish Falling Wedge. We currently have the heavy resistance of the EMA 50, MA50, EMA100, MA100 directly above. Looking for a double bottom to form in the next 3 weeks. Once we hit our double bottom we should break out of the wedge with a take profit target at the 38.2 Fib (23.36).
Bullish divergence between A/D and price trend and some massive buy orders a week ago hints that we are nearly done retracing. It looks like we definitely found a bottom on 20th of April, though I think we will retest it and form a double bottom reversal before our next bull run. Some additional points - We have already tested the 23.6% Fib multiple times and...