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Looking to bounce from around this level or just under where 786 fibs lie at around 2.84p also where there is previous resistance
CCI is getting quite on oversold area.
Looking for a bounce to at least 50% retrace & possibly the 200ma as 1st target.
Unbiased view as I do not hold any shares...yet!!!
the fib level 61.8 seems to be holding quite well and 200ma approaching plus we got 2 different resistance areas - look left -
but personally I would wait till it settles and opportunity comes when CCI / MACD crosses towards the upside as I feel this dip might not be the only one.
Is AEG ready to break resistance?
Key indicators are looking good e.g. Moving averages
Wait and see.