CFD Trading – AEM & Valuetronic

Valuetronics Stock Code BN2.SGX

Outlook
Price rose to a recent high of $0.72 on 14 May 2020 but that high was accompanied by a divergence warning of a possible high from MACD. This was followed by a correction that has brought price down to $0.540 and below the cloud as well. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Price is below both Conversion and Base lines as well. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish and moving lower. Both of MACD lines are below the zero line as well. We are expecting price to move lower to the next price support point at $0.46. There is also a strong chance of price testing the previous low at $0.435

Strategy
$0.550 Buy
$0.465 Price Target
$0.615 Risk Management Stop
3 weeks Trade Duration

AEM Stock Code AWX.SGX

Outlook
Price rose to a high of $3.36 on 11 May 2020. Since that high, price tried to break the high again but only reached a high of  $3.35 on the second occasion on 8 June 2020. Price has been consolidating above the gap support at $2.80 in a sideways movement. If price can stay above this gap, there is a good chance it will test the high of $3.35 again. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish and consolidating above the zero line.  

Strategy
$2.80 Buy
$3.35 Price Target
$2.54 Risk Management Stop
3 weeks Trade Duration