Maybank upgraded AEM to a buy with a target price of $1.21 and hence the stock gap up this morning and started to run further to now 0.97!
https://www.businesstimes.com.sg/companies-markets/brokers-take-maybank-kim-eng-initiates-buy-on-aem-predicts-stronger-earnings-in
I saw the chart and although it's beautiful with lesser selling, still this counter sometimes run and sometimes it simmer off. After some selling for 1-2 weeks, the stock got upgraded and just coincide that it hit a demand zone and bounce off. Good 6.6% in one day for AEM. The rest of the tech stocks also ran a bit but did not outperform like AEM.
Update: 30/1/2019, 5:03pm
AEM just ran further and reached 0.985. I never expect one simple upgraded can give the stock a boost. It's like leveraging on a good report and sky rocket.
Ronald K - Market Psychologist - A Stock Market Opportunist
