CFD Trading – Buy AEM Sgd (AWX.SGX) @ $4.50. Stop @ $4.35 and Target @ $4.85.

AEM Sgd Stock Code AWX.SGX

Outlook

Price broke above the cloud 3 days ago and is supported by the Conversion line after a two-day decline. The thick cloud and the gap support are both likely to provide strong support to price. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish with both lines above the zero line. MACD is hinting at a bullish price trend. If price is likely to stay above the cloud, it could be moving to the previous price resistance at $4.85 in the next 2-3 weeks.

Strategy                  

$4.50                 Buy

$4.85                 Price Target

$4.35                 Risk Management Stop

3 weeks              Trade Duration

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