Entry: $0.95 - $1.00
Market testing descending pull back support line and approaching supply and demand zone.
Price holding above 21 EMA support with MACD also starting to cross into bullish territory.
Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected.
Market reacted below desceding trendline resistance
RSI (21) reacted below 53% resistance level and has entered bearish territory below 50% level.
RSI (21) 53% resistance level is also where price has reacted many times in the past, as seen by...
There are a few bounces off the support line near 0.915 ~ 0.920 You should be able to notice where is my take profit level for my trade.
When entering the trade , do take note of any candle pattern to indicating start of the trade. eg. hammer reversal/engulfing
Feel free to post any comment/question or any idea that you wish to share. I am more than...
AEM HOLDINGS (AWX) stock trading above all short-term moving averages and recently stock also trade above 100 Day simple MA.
Stock breaksout with 3 months price range with volume addition on upside also suggest large players are building their position.
Co has declined 48% since peaking in Mar this year and has been turning up on the SMA 13/26.
Supported by the recent resistance turn support at 1.17 after breaking above with high volume, expect the uptrend momentum to continue after the current consolidation.
Next resistance at 1.32, stop loss at 1.16.