AEM had a super good news on Thursday where they received an order of $174 million.
https://www.straitstimes.com/business/companies-markets/aem-says-sales-orders-for-to-date-for-fy2019-hit-174m
There are 2 tech stocks I am watching consistently, Hi-P and AEM. Both of them are similar in the way how they breakout and how they move stealthily at the background when tech stocks weren't moving much. Both charts are different but AEM had this beautiful chart setup that after hitting a major supply zone, it suffered some profit taking and then a gap up on Friday because of the good news.
I expect to see some selling on Monday because of the gap up and the supply zone where sellers were taking profits. As it comes down, it will present good opportunities to re enter again should it hit some critical price levels. Will share more on the outlook and how to re position on this counter on my talk this coming Tuesday on March 26th. Interested parties can click and register below.
Ronald K - Market Psychologist - A Stock Market Opportunist
