Tag: AEM

CFD Trading – AEM & Sheng Siong

Nicholas

AEM Stock Code AWX.SGX

Outlook
Price has declined below the cloud starting a bear trend. This was confirmed by a bearish crossover from Conversion and Base lines. Lagging Span also confirms the bearish trend with its line below price of 26 periods ago and also below the cloud. Currently price is just above a 9-month uptrend line. However price has closed a Runaway Gap, which is not a good sign for the bulls. Fibonacci 50% correction point of the rally from the low in Jun 2019 to the recent high at $2.30 comes in at $1.55. This has been breached and the next target is the Fibonacci 62% correction point at $1.37. Ichimoku V price structure also has a price target of $1.32. MACD is bearish and both its lines are moving lower. Both of MACD’s lines are also deep below the zero line.

Strategy
$1.56                 Short Sell
$1.32                 Price Target
$1.70                 Risk Management Stop
3 weeks             Trade Duration

Sheng Siong Stock Code OV8.SGX

Outlook
Price has been declining and 2 days ago, price hit a low at $1.00 and has a bounce up to $1.10. This bounce was capped by a strong price resistance at $1.10 and we think there should be another decline to test the low of $1.00 or even lower as MACD is still bearish. MACD is still moving lower. The trend is bearish, which are confirmed by Conversion and Base lines as well as Lagging Span.

Strategy
$1.10                 Sell
$1.00                 Price Target
$1.16                Risk Management Stop
3 weeks            Trade Duration


CFD Trading – First Resources & AEM

Nicholas

First Resources Stock Code EB5.SGX

Outlook

Price moved and closed below the cloud yesterday, triggering a possible sell signal. Both Conversion and Base lines had a bearish crossover earlier on, confirming the bearish trend. Lagging Span is below price of 26 periods ago but is currently also inside the cloud. Just before price dropped below the cloud, a price rally was halted by the Base line while inside the cloud. The Base line, together with the price high of at $1.79, is likely to form a strong resistance zone at $1.78-1.79. The thick cloud is also likely to provide strong resistance. MACD is still bearish and the faster line had reached the zero line and could be turning down. If it turns lower, there could be a bearish MACD crossover signal as well. Together, there are many bearish signals warning of a bearish trend ahead.

Strategy
$1.730                Short Sell
$$1.58                Price Target
$$1.80                Risk Management Stop
3 weeks              Trade Duration

AEM Stock Code AWX.SGX

Outlook
Price broke out of an Ichimoku V structure above $2.05 and the V price projection gives this move a price target of $2.29. If price were to break above $2.22, out of another bigger Ichimoku V structure, the price target is at $2.63. Although Conversion and Bases line have yet to have a bullish crossover, Conversion line is moving closer to Base line and there should be a bullish crossover in the next couple of days if price continues to move higher. MACD has yet to turn bullish but the slow line is now very close to the zero line and a change to a MACD bullish trend should be close at hand. MACD’s faster line has crossed over the slower line, giving us a bullish signal as well. MACD is also moving up and there was an earlier bullish divergence warning of a possible price bottom.

Strategy
$2.12                 Buy
$2.29                 Price Target
$1.98                 Risk Management Stop
3 weeks            Trade Duration


CFD Trading – Venture & AEM

tickinsights

Venture Stock Code V03.SGX

Outlook
Price broke above the cloud yesterday and move above its recent high as well. The breakout candle was larger than those candles before it. Volume on the day of the breakout was also almost twice the volume of the previous day. This is a sign of a strong valid breakout. The movement above its previous high also gives us a V price projection target of $16.88. Besides being above the cloud, Conversion and Base lines had a bullish crossover, confirming the bullish trend. MACD is also bullish although MACD was rather flat.

Strategy
$15.95                Buy
$16.85                Price Target
$15.35                Risk Management Stop
3 weeks              Trade Duration

AEM Stock Code AWX.SGX

Outlook
Price broke above a recent high of $1.23 yesterday. Both Conversion and Base lines also had a bullish crossover confirming the uptrend with price above the cloud. The move above its recent high also gives us a V projection price target of $1.36. Volume on the breakout day was also higher than the recent days’ average. MACD is also bullish and rising with both its lines above the zero line.

Strategy
$1.25                 Buy
$1.36                 Price Target
$1.18                 Risk Management Stop
3 weeks              Trade Duration

CFD Trading 28 May 2019

Nicholas

Hi-P Stock code H17.SGX

Outlook

The uptrend since the turn of the year brought price up to $1.81 from a low of $0.83 at the beginning of the year. The decline from the high of $1.81 may have ended at $1.40. Price was supported by the edge of the cloud as well as the Fibonacci 50% point of the rally from the beginning of the year to the high at $1.81. Yesterday, there was a bullish Engulfing candlestick pattern. This is a reversal candlestick pattern. This is a signal that the decline could be over and price could be about to start a rally that could bring it back up to the high of $1.81 again. MACD is bullish and the faster MACD line could be about to turn up again.

Strategy

$1.43 Buy
$1.81 Price Target
$1.29 Risk Management Stop
4 weeks Trade Duration

AEM Stock Code AWX.SGX

Outlook

Price started a rally on 26th Dec 2018 from $0.79 to a high of $1.29. Since the high, price has gone through a correction and that correction may have ended at the Fibonacci 50% correction point of the previous rally at $1.04. The low of $1.04 was also at the edge of the cloud, so price did not see a change in its bullish trend since late Dec 2018. Yesterday, we saw a price move that went below $1.04 but closed near the high at $1.10. This could be another sign of a reversal. Volume yesterday was also stronger than the previous 4 days of declining price. MACD is at the edge of the zero line and a turnaround would add further confirmation to the reversal. We think price could be heading for the high of $1.29 again.

Strategy

$1.09 Buy
$1.29 Price Target
$0.970 Risk Management Stop
4 weeks Trade Duration

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CFD Trading 27 March 2019

Nicholas

City Development Stock Code C09.SGX

Outlook

From the low of $8.63, price moved higher along the edge of the cloud. It reached a high of $9.14. Price was unable to close the gap to $9.17 and has since declined low. The high reached was just above the Fibonacci 50% correction point. This could indicate an end of the corrective rally and a possible price decline to follow. Price was capped by Base line as well. Yesterday, we saw a Spinning Top candlestick pattern, which is a bearish reversal pattern, hinting of a price decline. MACD had a bearish crossover with its signal line. The crossover occurs below the zero line as well.

Strategy

$8.90 Short Sell
$8.53 Price Target
$9.17 Risk Management Stop
3 weeks Trade Duration

AEM Stock Code AWX.NAS

Outlook

Price started its rally from late Dec 2018 and reached a high of $1.29 on 12th Mar. Currently price is in a corrective pullback from the high. MACD is still bullish and looks strong. The helps to confirm the recent price decline as a correction. Using Fibonacci retracement, the 38% point comes in at $1.10. Price is above the cloud and above the Base line as well. Base line could provide another support point at 1.14. We view this corrective decline as a good location to get into the long term uptrend.

Strategy

$1.09 Buy
$1.29 Price Target
$0.96 Risk Management Stop
2 weeks Trade Duration

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