Tuesday, May 04, 2021

AEM - Normalisation in Progress

In 2021 when AEM reported higher profits on 26 Feb, its stock did not fly like in the past 4 years.  Instead, the price action began to perform lower high which is a sign of weakness.

Today is the reason the retail investors knows the why, which is what the smart monies already know  4 months ago.

The first double head appear around end of Mar 21 while the second double head appear on end of Apr 21.

3.60 is a good support price for AEM.  If that fails to hold, the next price support is at 3.40.


Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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