Trade AngloGold Ashanti with Unum Capital.
To get started, email lester@unum.co.za
+5500c Rebound In Line With The Price Action Model
Tuesday evening's model reading alerting traders to the potential for a buy off the 50-day EMA. On Wednesday, the sharp decline into the 50-day EMA (at te exact low) followed by a move from ~53600c to ~59400c. It's volatile, but there's opportunity!
Previous Post (Wednesday 19 February): A substantial decline over the week from the publication of our note which alerted traders to the deterioration in candle structure as well as the model reading.
(-8300c or -13%) from time of note to today's low.
Previous Post (12 February): Trading Note: AngloGold Ashanti
Preferred Strategies & Setups To Generate Cash Flow (Click To Enlarge)
Lester Davids
Analyst: Unum Capital
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