26/01/18 AEM

Screen Shot 2018-01-26 at 4.06.22 PM.png

Daily Chart – Market has broken 2004 Highs with a strong bullish momentum that doesn’t seem to end? It holds an erratic bullish trend characteristic, as you can see sometimes market consolidates with a considerable amount of time and sometimes it doesn’t.

What do I mean? as you can see after the break of $1, makes tends to have a spurge growth in buyers (probably price followers) entering the stock this led to an immediate “unhealthy” growth in price which led to the drop of 80% (in the range of $2-1).

So what does current price tells me? The market tends to retrace sharply after a new “fast dollar break”. Thus, entries would be highly possible near the whole number.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s