JSE:ANG AngloGold Lots Strength
AngloGold has been the strongest stock of the gold miners and the strength continues. There have been some reaccumulation ranges that have formed. The latest range has been an upsloping range with institutional buying on the way up seen by the increased volume on the increases. We have seen a spring and break of the recent TR with volume pushing it along. Negative divergence points to effort to push the stock down but with no response due to institutional buying. Good times for ANG.
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