Tag: AEM Sgd

AEM SGD Stock Code AWX.SGX

Outlook

Price has been moving in a horizontal movement since moving above the cloud.  Price is likely to be supported by the cloud and the base line, keeping the uptrend intact. Conversion and base lines remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish, with both lines above the zero line and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $3.58 in the next 2-3 weeks.

Strategy                  

$3.15                 Buy

$3.04                 Price Target

$3.57                 Risk Management Stop

3 weeks              Trade Duration

AEM SGD Stock Code AWX.SGX

Outlook

Price closed just above the cloud in the previous trading session, changing the chart outlook to bullish.  Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish, with both lines above the zero line and is hinting at a bullish price trend. We think price is likely to move higher to the previous price resistance at $4.28 in the next 2-3 weeks.

Strategy                  

$3.85                 Buy

$4.25                 Price Target

$3.69                 Risk Management Stop

3 weeks              Trade Duration

AEM SGD Stock Code AWX.SGX

Outlook

Price reached a high of $4.71 on 26 August 2022 and has been in a decline. The decline has stopped at the edge of the gap support and we think the correction could be coming to an end. A Doji candlestick price pattern, in the previous trading session, hinted a possible price low and a potential reversal. Conversion line and Base line remained in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains bullish. We think price could be heading towards the previous high at $4.71 again in the next 2-3 weeks.

Strategy                  

$4.45                 Buy

$4.70                 Price Target

$4.35                 Risk Management Stop

3 weeks              Trade Duration

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