Buy AEM (AWX.SGX) @ $3.90. Stop @ $3.70 and Target @ $4.20

AEM Stock Code AWX.SGX

Outlook

Price reached it resistance point at $4.20 on 15 July 2021 and has been on a decline. The decline has found support at the Base line. There is another support provided by the cloud at $3.72. A Hammer candlestick price pattern is another sign that the correction could have ended and a reversal is happening. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish with both its lines far above the zero line, which is a hint of a strong bullish price trend. We are expecting price to advance to the resistance level at $4.20.

Strategy

$3.90                 Buy

$4.20                 Price Target

$3.70                 Risk Management Stop

3 weeks Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.