Agree that the longer term prospects are great for AEE however, if people are planning on trading this today, I’d be careful.
Today is the 2nd day of the 2nd pump which means traders will be closing out positions. Additionally, tomorrow is a public holiday which means traders and new investors will be treating this like a Friday. That means far fewer will enter today and more will exit as they won’t hold over the holiday. That’s a big shift in the dynamic from yesterday.
I think there’s a good chance that it will spike on open and retreat shortly after. As they say, “Retailers open; pros close”.
There will be plenty of opps to buy in today at 2.6 or lower. So if you’re looking for a fresh entry, don’t be caught in a losing trade from the get go and have to utilise the stop loss.
Agree that the longer term prospects are great for AEE however,...
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