Tag: Golden Energy

Golden Energy Stock Code AUE.SGX

Outlook

Price broke above the cloud 3 days ago and has been closing higher for 3 consecutive days. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD is bullish with both its line moving higher. If price can stay above the cloud, it could be heading towards the previous high at $0.790.

Strategy                  

$0.675                Buy

$0.790                Price Target

$0.615                Risk Management Stop

3 weeks              Trade Duration

Golden Energy Stock Code AUE.SGX

Outlook

Price reached a high of $0.420 on 29 July and a price correction soon followed. During the price correction, price was supported by the cloud, which prevented price from turning bearish. The low of the decline was also the Fibonacci 62% correction point of the rally from $0.150 to the high. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD has a bullish crossover and is hinting of a bullish price trend. Going by the Ichimoku E price projection, we have a price target of $0.420, which is also the previous price high.

Strategy                  

$0.340                Buy

$0.420                Price Target

$0.290                Risk Management Stop

3 weeks              Trade Duration