Wednesday, February 15, 2017

AEM: Uptrend intact. No Exits on bullish signal, may still be good to go, price 1.12

AEM has broke above the 1.00 few days back and today we started to see more strength with it clearing the 1.10 resistance as well. Poise to head higher with 1.10 as the new support now.

Longer term moving averages are still looking good with momentum still positive if 1.10 holds.

One of my inner circle members mentioned it a few days back again and before we know it, we saw buy ups coming in again. 

Taking a look at the system as below, yes indeed, we had 2 bullish signals, 1 in Dec and 1 in Feb last week, just before the final ascent.

The thing is there are no exits for both these entry signals. So upside may still be good to go. Let’s see if target at 1.20 can be reached soon

Pti grads can use system to check when to get out.

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For illustration purpose only

For illustration purpose only

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