Chart Source: Poemsview 8th july 2021
AEM has seen a steady increase since mid June and here’s why we think taking some profits might make sense.
- Ever since our alert at $3.66 AEM has risen over 10%. A 10% upside in a month is considered good to us especially in such a market condition.
- It has covered the gap and this could potentially cause some traders to take profits. Furthermore, the closing candle doesn’t look nice.
- Global markets are also pulling back, sentiments are weaker and markets are jittery.
These are some reasons why we think taking some profits off the table might be wise.
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