3.35 R/R Long Trade on AEF Clear reversal on the long term downtrend with a Bearish Div at the bottom. Head and shoulder pattern forming as a potential top up to ride the trend. Invalidated if we lost respect of the current bullish trend. AEF has also shown great relative strength against the Aussie market.
Price looks like it is turning up, with minor higher lows. MA's turning supportive. Minor flag has been zoomed. looking for an entry at the LML.
Text me if you have any questions/comments for me. ----- AEF - First time doing an analysis on AEF - Has a good history of strong uptrends - Looks to have a strong support at the short-term average but occasionally retraces all the way back to the mid-term support - Recent price action looks to be a sideways consolidation instead of a retracement - Another test...
AEF has been having a good run over the last 12 months, up a bit over 150%. AEF typically invests in a portfolio of industries, which includes clean energy, sustainable products, medical solutions, innovative technology, healthcare, recycling, energy efficiency, education, and aged care. A win for the good guys.
We have seen the uptrend broken and are now in price discovery for support levels. Possible bounce at the current level however further downtrend predicted by MACD and monthly RSI.
ENTRY: 5.37 TP: 5.88 SL: 4.95 - RSI>60 - ADX<25 - MACD just turned to green - FFI -ve but pointing up - RSI +ve - Good volume breakup and should be covering gap - Entered with lower position
Not looking to take any position now. Overall, I am on the bearish side. But would wait for price to retrace back to 6 before looking to take a short position. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in...
Ethical stocks and funds seem to be getting more and more popular and AEF popped up on one of my scans today. Up 61% over the last year. Might be worth a watch. Australian Ethical Investment Limited is engaged in acting as the responsible entity for a range of ethically managed investment schemes. The Company also acts as the Trustee of the Australian Ethical...