26/01/18 AEM

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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.

 

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