Motive wave and will retest the highsThis is a nested 1,2 and this stock has a lot of upside potential.
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About AngloGold Ashanti Limited
Sector
Non-Energy Minerals
Industry
Precious Metals
CEO
Alberto Calderon
Website
anglogoldashanti.com
Headquarters
Johannesburg
Founded
1944
ISIN
US0351282068
AngloGold Ashanti Ltd. engages in the exploration, mining, and production of gold. It operates through the following business segments: Africa, Australia, and Americas. The Africa segment consists of Ghana, Guinea, the DRC (Democratic Republic of the Congo), and Tanzania. The Americas segment comprises of Argentina, Brazil, and projects in Colombia and the United States. The company was founded in 1944 and is headquartered in Johannesburg, South Africa.
$JSEANG - AngloGold Ashanti: Great Run, But I Count 5 Wave Done!Anglo had a strong run since the last analysis, link below.
The rally from 23.02.2023 unfolded in five waves and price has broken below the origin of wave ((v)) of 5.
This implies that five waves 1 to 5 is complete and we should expect a correction in the stock.
I have overlaid the stock price with
Anglogold (JSEANG) OverboughtAnglogold shows how fear trades can cause traders to be irrational, buyers are moving in at current price, there is quite a distance from 200 day moving average while price is testing the upper resistance of a broadening wedge. History does not repeat but often rhymes, ANG had a similar broadening s
$JSEANG - AngloGold Ashanti: Great Run, But I Count Fives Waves Anglo Gold Ashanti has had a great run from the September 2022 bottom at 21300.
The banking crisis of the last few weeks has triggered a surge in gold as a safe haven buy and subsequently gold stocks.
Looking at the charts, I see textbook five wave advance from 21300 to the current price.
Wave 1 i
Black Screen Meeting - AU Gold Similar to GFI - This gold ticker is a hit.
Remember where you first heard and seen
these picks.
Safe stop loss and amount of soldiers at risk.
Each dollar is a soldier a terrible general loses
men then eventually the war.
Gold miners showing strength $AU $GFI $HMY $GOLDGold stocks were showing extreme relative strength last week with intensive bearish sentiment in banks, seeing RSIs between 70-80 and RVOL above 2. ATM we need to see some pull back to get a favourable RR setup. With the bailout news over the weekend I suspect we will certainly get a chance for a di
Short triggered on ANGA short has been triggered on JSE:ANG based off our momentum strategy. we expect it to reach the target at the 317 area.
ANG Trade IdeaThis idea was published to the client platform in the last 1/2 hour. For more research insights, including trade ideas, get in touch today.
This idea is with reference to my comment via video on Tuesday 27-Dec-2022 ( link omitted to comply with Trading View house rules ). Key drivers for a short to
Perhaps tume #JSEANG to take a breath? 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.
Rising bottom triangle breakout on Beautiful strong rising bottom breakout. The chart providing a nice tight stop with a 2.6 R:R opportunity
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
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