CORRESPONDENCE COURSES
AEM: Pushing higher towards target. Price 1.13. Target may be revised..
Author: Trading Impossible | Joey Choy
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Over the past 2 weeks, we have seen AEM break the 1.00 resistance and was holding really well above..
There were also some signs of upwards reversal from the trend indicators and hence..
More upside was expected with some targets drawn..
See below what we mean… target to 1.20 in the short term…
It actually sold off slightly towards 1.00 where buyers return again stronger and a rebound seen..
Over the past few days, we have indeed seen it pushing higher, away from the 1.00 new support…
And today a push above the 1.10 temp psychological level..
Looks set to head towards 1.20 where some profit taking can occur again…
Upside target as drawn still playing out, see updated chart as of now…
Awaiting more bullish actions above 1.20 which can see target revised further, let’s see…
By Joey’s team