Tag: AEM

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

Nicholas

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

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

Nicholas

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

CFD Trading – AEM & Valuetronic

Nicholas

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