AEM was mentioned for long on 10 June in early morning before market open, at 0.875. it moved up thereafter and reached 0.945 before market close, a potential profit of 8% within the same day, not in a year, not in a month, not evening a week, but within the exact same day. Thanks to the system based on game theory to catch those rocket stocks.
Above is screenshot of my trading call made yesterday, right before market open, to catch the jumping of the price. it was short and conscience because I need to send out the signal fast so that my fellow traders manage to caught this nice move according to my trading call, sent BEFORE nice movement happens.
After the strong move ystday, I received sms and phone calls, asking whether can chase it for further move, whether should let go to take profit. As a trader, I also need to ask myself, what is the best way to operate thereafter, to add more, to sell or just do nothing and ride the momentum?
From the candlestick chart above, we can tell that AEM is in a downtrend now, this is the first and foremost factor we need to keep in mind in terms of trading it. So this trade, no matter not strong the move is, is a rebound trade only. I won’ t consider to hold the position for long term and expect to become Buffett.
It can be seen that got strong resistance ahead at 1.00 round number, followed by 1.05. Actually the gap between 0.955 to 0.96 is also a resistance.
Since it is a downtrend stock and go resistance ahead, I won’t suggest to chase after price already move up 14% from recent low of 0.825, unless it form some consolidation pattern to shake out weak hands and move again.
For those who already have AEM position in hand, since the move ystday was so strong and the short term momentum is likely to attract more traders and investors in the next 1-2 trading days, I will NOT thinking of closing the long position yet. Now I will keep the position first and monitor the price action closely. If it start to show some weakness, I will consider sell gradually. My personal trading view for your references.
From the candlestick chart above, we can tell that AEM is in a downtrend now, this is the first and foremost factor we need to keep in mind in terms of trading it. So this trade, no matter not strong the move is, is a rebound trade only. I won’ t consider to hold the position for long term and expect to become Buffett.
It can be seen that got strong resistance ahead at 1.00 round number, followed by 1.05. Actually the gap between 0.955 to 0.96 is also a resistance.
Since it is a downtrend stock and go resistance ahead, I won’t suggest to chase after price already move up 14% from recent low of 0.825, unless it form some consolidation pattern to shake out weak hands and move again.
For those who already have AEM position in hand, since the move ystday was so strong and the short term momentum is likely to attract more traders and investors in the next 1-2 trading days, I will NOT thinking of closing the long position yet. Now I will keep the position first and monitor the price action closely. If it start to show some weakness, I will consider sell gradually. My personal trading view for your references.
Some investors missed AEM nice move, some investors may feel challenging in stock pick and price monitoring to catch nice great trading opportunities, like AEM and other stocks (click here to read other trading calls made). If you encounter similar challenge in the market......