Anglo Asian Mining PLC for 28/07/2020

#Gold #Nasdaq We’ve had a soft spot for Anglo Asian since 2010. The Gold, Copper & Silver producer, based in Azerbaijan, was one of our original software subjects when we developed our method for mapping the future. Even when we last glanced at it in 2018, our magic was still available as the scenario mapped a rise from 42 to 99 successfully. It’s time for an update, thanks to the share presently trading around 155p. Hopefully we remain as competent as previously!

 

At present trading around 155p, Anglo Asian (AAZ to its friends) only needs exceed 159p to confirm a new path toward an initial 183p. If exceeded, our secondary ambition calculates at 194p. The big surprise comes should the share attain the 183p level as it’s exploring yet another all time high, residing in territory with the potential of 241p in the distant future. Thankfully there’s nothing important going on in the world which makes the prospect of a long term hold dangerous. But then again, AAZ are a company which pays regular dividends.

If we choose to rely on closing prices, at 155p AAZ closed the 27th July, matching  the price at which the share started this terrible year. But already, the share has exceeded its pre-Covid19 level, so some early signs of optimism are present.

 

Obviously, we’d be stupid if we avoided searching for early signs of trouble. At present, AAZ needs slip below 137p to provoke concern as this allows for reversal to an initial 127p with secondary, if broken, at a slightly frightening 102p. Hopefully a share we think of as an old friend, hasn’t developed sharks teeth in the last 10 years.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:00:22PM BRENT 44.01 ‘cess
10:02:24PM GOLD 1942.45 1927 1923.5 1916 1939 1946 1951 1957 1932 Success
10:05:29PM FTSE 6136.15
10:08:37PM FRANCE 4940.7
10:27:14PM GERMANY 12902
10:30:25PM US500 3243
10:32:20PM DOW 26625
10:34:23PM NASDAQ 10693 10482 10417.5 10325 10569 10695 10763 10911 10523
10:36:28PM JAPAN 22665

 

 

27/07/2020 FTSE Closed at 6104 points. Change of -0.31%. Total value traded through LSE was: £ 4,272,805,133 a change of 6.51%
24/07/2020 FTSE Closed at 6123 points. Change of -1.42%. Total value traded through LSE was: £ 4,011,520,814 a change of -5.85%
23/07/2020 FTSE Closed at 6211 points. Change of 0.06%. Total value traded through LSE was: £ 4,260,959,883 a change of -10.5%
22/07/2020 FTSE Closed at 6207 points. Change of -0.99%. Total value traded through LSE was: £ 4,760,873,416 a change of -15.1%
21/07/2020 FTSE Closed at 6269 points. Change of 0.13%. Total value traded through LSE was: £ 5,607,940,554 a change of 26.84%
20/07/2020 FTSE Closed at 6261 points. Change of -0.46%. Total value traded through LSE was: £ 4,421,196,230 a change of -0.8%
17/07/2020 FTSE Closed at 6290 points. Change of 0.64%. Total value traded through LSE was: £ 4,456,693,938 a change of 6.54%

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