AEM - Retest and FailThe volume has been increasing on the bearish move lower. EMA’s are headed bearish steadily following this move lower. The SMA’s gave a bearish cross recently. Stochastics are giving a sell, RSI is headed lower and MACD is giving a sell. The BB have been broken bearish and ADX is headed higher from being sideways. Yesterday there was a bearish retest gap with the stock headed back bullish and testing resistance, failing and finishing the day strong bearish. The 15 minute ADX is somewhat high so I would expect some sort of pullback for at least part of the day which presents a decent selling opportunity.
Swing trigger is $22.76
Stop is $26.33
Target is $15.40
