#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.
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 |