The weekly chart shows that AEM has basically been consolidating...

The weekly chart shows that AEM has basically been consolidating its move higher over the past 12 months in a trading range of $0.012-$0.017. On two ocassions has the share price tried to breakout only to retrace back in the trading range. With recent accumalation over the past few weeks it looks like we are headed for another breakout. Here's looking to 3rd time lucky and the share price heading to 2+c.

I assume that the long awaited Oil exploration project may be drawing to a conclusion providing the impetus for those monitoring to take/increase their holding.

For the traders inside each of us, when you take a look at the depth, may I also suggest you take a look at the depth/chart of ggx, as this too was quite thin on the buy depth over the past couple of months, yet it has doubled in price from 4-5c to 10c. This is not a bad attempt at cross promotion but to show that depth (in particular buying depth) especially in illquid stocks can give mixed signals.

imo this is definately one to monitor in the coming days/weeks.

D: I own plenty and have done so for quite some time.

Cheers

Clever1