AWX trade ideas
AWX SGX SELL/SHORT to 2.00 (BUY ENTRY) UPDATETICKER CODE: AWX
Company Name: AEM
Industry: Singapore Stocks Industrial Services Engineering & Construction
Position Proposed: BUY
Buy Entry: NOT READY (2.00-2.20)
1st Partial Take Profit: 5.30 Early-Mid 2022)
2nd Partial Take Profit: 7.35(Early 2023)
Stop Loss: 1.90
Technical Analysis
1. Falling Wedge/Pennant Pattern (Potentially Forming)
2. Area of Confluence with Trendline and Horizontal Resistance Level (Key Level)
3. Fibonacci Retracement at 0.786 is at key market structure
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
and also Channel Range (Trendline Resistance)
AWX POTENTIAL BUY/LONG INCOMING 2.00 to 5.30 by Early-Mid 2022TICKER CODE: AWX
Company Name: AEM
Industry: Singapore Stocks Industrial Services Engineering & Construction
Position Proposed: BUY
Buy Entry: NOT READY (2.00-2.20)
1st Partial Take Profit: 5.30 Early-Mid 2022)
2nd Partial Take Profit: 7.35(Early 2023)
Stop Loss: 1.90
Technical Analysis
1. Falling Wedge/Pennant Pattern (Potentially Forming)
2. Area of Confluence with Trendline and Horizontal Resistance Level (Key Level)
3. Fibonacci Retracement at 0.786 is at key market structure
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
and also Channel Range (Trendline Resistance)
AEM - Trend continuation?AEM looks to be finally breaking out of a long term bull flag which was in the making for almost 2 months. Will to test this breakout with an initial stop @ 3.12 (just below today's candle low) and with an intermediate target of 3.50 and a longer term target of 3.75 (40cts channel width projected onto the breakup level @ 3.25).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Bull run - Wave 3 of Wave 5?Suspected wave 3
Wave 1 to 2 - retracement of 0.618
Wave 3 - reaching 1.618 to 2.168 range (under monitoring); wait for Wave 4 entry.
3 EMA crossover (22, 55, 100) = positive
E.W invalid if Wave 4 retrace > wave 1
RSI entering > 70 (potential range RSI - 70 to 90; high risk - past history shows up to 90 for AEM; either wave 3 continue or wave 4 in progress)
Trade with stoploss measures. Please support with thumbs up if you like the analysis. Thank you for your support. :)
AEM Holdings (SGX)Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected.
Market reacted below desceding trendline resistance
RSI (21) reacted below 53% resistance level and has entered bearish territory below 50% level.
RSI (21) 53% resistance level is also where price has reacted many times in the past, as seen by the yellow arrows.
Buying area finds confluence with fibo retracement and strong supply and demand level.
Just an educational post to show how a confluence of technical elements can give a good trade with much higher probability. Also, because there is no good risk reward to this, I'm posting this as an educational material.
AWX still on the uptrend moveThere are a few bounces off the support line near 0.915 ~ 0.920 You should be able to notice where is my take profit level for my trade.
When entering the trade , do take note of any candle pattern to indicating start of the trade. eg. hammer reversal/engulfing
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
Quotes "The key to trading success is emotional discipline"
AEM - Continuation of UptrendCo has declined 48% since peaking in Mar this year and has been turning up on the SMA 13/26.
Supported by the recent resistance turn support at 1.17 after breaking above with high volume, expect the uptrend momentum to continue after the current consolidation.
Next resistance at 1.32, stop loss at 1.16.