Following up from previous blog post 2 weeks back on AEM >> http://singaporetradinginsights.blogspot.sg/2018/03/aem-back-to-700-support-after-run.html
It was mentioned that we did had a bullish entry signal for it in on 20 Feb 2018.... but then there were no exits yet...
But finally after a month, we have recently seen the BULLISH EXIT signal in AEM.....
And then there were some selling taking place again when the market started to weaken too... due to a concerns of a ongoing trade war between US and China...
See what i mean below....
So we were looking at a 20.8% GAIN IN 1 month from the previous entry and exit signal....
But more importantly....
Thankfully, we got the exit signal that has got us prepared to take some money of the table and protect our profits... and down it went already....
It just makes trading so much more systematic.... one signal to get in, the other signal to get out...
Anyway, we have broke the 6.00 support over the past few days where it actually traded to a low of 5.21 on Wednesday before some short covering happened...
Still need more confirmation for any upside reversal move to occur again to lead any rebound...
Range would likely be from 5.50 to 6.00 for now, and hopefully see some actions back above 6.00 again..
Range would likely be from 5.50 to 6.00 for now, and hopefully see some actions back above 6.00 again..
However, would not rule out more weakness if the 5.00 level breaks so cautious for long positions if want to catch any quick rebound...
Want to know how to use a SYSTEM to Get In and Get out?
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