AEM recorded a stellar performance on Tuesday where the stock shot up 10% where many retail traders were buying. At the point of time, I knew if you were to do intraday trading, that's the best option because you finish the trade by the same day and move on. Soon on the same night, I conducted a Mastermind class where I shared with Joyce about AEM and why I was looking to sell more than buying on breakouts.
The stock was very high at the supply zone and there was 2 PTs in the 5 minute chart where the buyers were already taking $$ while the sellers were there waiting for a chance to short sell. The buyers weren't strong yesterday and soon AEM gap down today because of Tech stocks in the US last evening collapsed. Luckily for us, we got out of the position quick with profits without suffering the sell down today. The Top 30 Volume was flashing most stocks in red and gave an indication of where the stock is moving next. Read my AEM blog post when I posted on Tuesday where the stock flew and attracted a lot of late bulls and retailers buying.
http://stockmarketmindgames.blogspot.com/2020/07/aem-hottest-tech-stocks-set-to-fly.html
Ronald K - Market Psychologist - A Stock Market Opportunist
