Hi JWest,
Good luck with your classes this year.
My TA reading of AEM is as follows: Monthly chart stockcharts.com[w,a]micayymy[d19900101,20010901][pc5!c21!c50!c200!h.02,.20!i!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14]Positive: Nice white candle, 5 month ema over the 21 ema, ADX increasing in strength as +DMI moves north.
Negative: Hitting resistance significant resistance approx. @ the $10.00 level
Weekly: Ditto the monthly chart... again note the significant resistance @ $10.00... stockcharts.com[w,a]wicayymy[d19960101,20010901][pc5!c21!c50!c200!h.02,.20!i!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14] ADX still strongly trending @ 46.. which is quite high (although is can run to 60 or more for an extended period of time) & due for a pullback @ some time in the future...
Daily: Negative: Overbought stockcharts.com[w,a]dicayymy[dc][pc5!c21!c50!c200!h.02,.20!i!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14]
& for a somewhat different look PnF chart stockcharts.com very nice break on the down trend line <ggg> PHNPI & WTHDIK
Regards,
Peter |
