Technical Analysis Report on AEG (for week beginning 22/05/2017):
Long term downtrend over and uptrend has started - higher high, higher low on weekly chart.
Stock has made a 6 month high - bullish.
10 week exponential moving average has crossed above 20 week exponential moving average - bullish.
Weekly DMI has given an entry signal - DI+ crossed above DI-.
Weekly RSI(14) is above 50 - bullish.
Conclusion: AEG is more likely to go up in the future than go down but there are no guarantees the uptrend will continue. There are no certainties in the market only probabilities.
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Technical Analysis Report on AEG (for week beginning...
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