traderprosignals

AWX SGX SELL/SHORT to 2.00 (BUY ENTRY) UPDATE

Short
AEM (SGX:AWX)  
SGX:AWX   AEM
TICKER CODE: AWX
Company Name: AEM
Industry: Singapore Stocks Industrial Services Engineering & Construction

Position Proposed: BUY

Buy Entry: NOT READY (2.00-2.20)

1st Partial Take Profit: 5.30 Early-Mid 2022)
2nd Partial Take Profit: 7.35(Early 2023)

Stop Loss: 1.90

Technical Analysis

1. Falling Wedge / Pennant Pattern (Potentially Forming)
2. Area of Confluence with Trendline and Horizontal Resistance Level (Key Level)
3. Fibonacci Retracement at 0.786 is at key market structure
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
and also Channel Range (Trendline Resistance)