CFD Trading – Buy AEM (AWX.SGX) @ $4.00. Stop @ $3.89 and Target @ $4.21.

AEM Stock Code AWX.SGX

Outlook

After reaching a high of $4.32 on 20 September 2021, a price correction that followed was supported by the upper edge of the cloud, keeping the uptrend intact. Conversion and Base lines had a bullish crossover earlier, hinting of a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud as well, confirming the bullish trend. MACD is bullish with both its lines above the zero line. We are expecting price to be supported by the cloud and a rally to follow to the next resistance level at $4.21 in the next 2-3 weeks.

Strategy

$4.00                 Buy

$4.21                 Price Target

$3.89                 Risk Management Stop

3 weeks Trade Duration

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