Venture Stock Code V03.SGX
Outlook
Price broke above the cloud yesterday and move above its recent high as well. The breakout candle was larger than those candles before it. Volume on the day of the breakout was also almost twice the volume of the previous day. This is a sign of a strong valid breakout. The movement above its previous high also gives us a V price projection target of $16.88. Besides being above the cloud, Conversion and Base lines had a bullish crossover, confirming the bullish trend. MACD is also bullish although MACD was rather flat.
Strategy
$15.95 Buy
$16.85 Price Target
$15.35 Risk Management Stop
3 weeks Trade Duration
AEM Stock Code AWX.SGX
Outlook
Price broke above a recent high of $1.23 yesterday. Both Conversion and Base lines also had a bullish crossover confirming the uptrend with price above the cloud. The move above its recent high also gives us a V projection price target of $1.36. Volume on the breakout day was also higher than the recent days’ average. MACD is also bullish and rising with both its lines above the zero line.
Strategy
$1.25 Buy
$1.36 Price Target
$1.18 Risk Management Stop
3 weeks Trade Duration
