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ANGS is over extended after 70% price increase! RSI also starting to show negative divergence and shooting star candle has formed indicating a top. Pull back is highly likely, look to short the pull back with first profit target at 50 day Moving Average.
Classic set-up. Retrace looks complete. The way it's falling onto the Fib lines is lovely.
I'm looking for the 1.272% extension....a lot of things end up there.
Looks like the low might be in on the initial move up and retrace back. 50% Fib tested twice.
There is a risk of slightly lower, but this looks a good entry point for the extension move towards 17.5p. Breakout of the 10.6-11.0p region for confirmation.
Hourly chart looks to be retraced and consolidating awaiting fresh news on a drill. Bought in at 10.25p looking for the Fib extension up at 15p upon the news.