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Take Profit on AngloGold Ashanti (Short Sellers In The Money By 17%)

  • Writer: Lester Davids
    Lester Davids
  • 26 minutes ago
  • 1 min read

Research Notes April 2026 > https://www.unum.capital/post/rapril2026

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za


Both the BUY/LONG and SELL/SHORT side delivered gains for clients who took the opportunity to trade. The updated chart is shown directly below. The original chart is shown further below.



AngloGold Ashanti (ANG)

  • Buy/Long: The previous swing lows (just above the 200-week SMA) is likely to coincide with medium term oversold conditions.

  • Short/Sell: Upon an ultra short term rally, the declining 8/21-EMA is likely to act as a resistance range (expect an upside overshoot of this level.



Lester Davids

Senior Investment Analyst: Unum Capital

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