A Rare broadening Triangle formation has formed on Anglo Gold. This is a triangle that broadens outwards instead of inwards to the apex. I like to call it a Vuvuzela formation. Now right now the bias is sideways as it needs to break out of the range. However, we can say technically it should break down as the prminent and previous trend was down. But we...
Descending Triangle formed on Anglo American and the price seems to be breaking below. If the ALSI continues down this will give a high probability short setup. 200>21>7 - Bearish RSI<50 - Bearish Target R405.50
Do you really think AngloGold Ashanti, one of the world's TOP10 gold producer is nearly worth just as much (22$) as back in 2016 when the oil price was much higher and the spot gold price was much lower? We are talking about insane margin growth here which is still not priced in.
I expect to see upside from here on forward in the market. Spesifically to anglo the average down turn in 2007-09 we saw 54% losses followed by gradual upside after that. Based on that being one of the worst downsides if not the worst as a major support in the equities market and the luming fact that we might see a COVID 19 cure this year only spells upside. With...
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 Braking sideways consolidation. Target should be around 33500
JSE:AGL Stuck in rage for last 2-3 months. Break above or bellow will be worth 9% of the price
Anglo American short based on head and shoulders and accumulation on VPOC