laughingchartist

AEM Holdings (SGX)

AEM (SGX:AWX)  
SGX:AWX   AEM
Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected.


Just an educational post to show how a confluence of technical elements can give a good trade with much higher probability. Also, because there is no good risk reward to this, I'm posting this as an educational material.
Comment: As expected, price dropped towards the buying area as expected. I would wait for a bounce reaction in this zone and enter my LONG position.
Comment: Bullish divergence also noted now.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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