AEM is one hot stock today. After the recent sell down, today they released some good news on future growth of the company, revenue and upcoming orders they will be receiving. The stock gap up near a short term demand zone and soon after it started to rise to 1.15 as of now. I studied the chart carefully and I released that was this flush down in the daily chart first before a collection took place.
The market depth was heavy but it's the nature of this stock and one has to study the chart first before delving into the depth for more clues. See how the Qs stacked and flipped. Observe how the removal and addition of heavy numbers aid in the stock movement. It's all well designed and beautifully setup. Although I missed this counter, there is always another counterpart that is Hi-P. Will share more on the market depth in my next Tuesday talk.
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Ronald K - Market Psychologist - A Stock Market Opportunist
