AEXE flat this morning - strong sideways action

Published: Thu, 05/18/17


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Good morning,

AEXE is trading flat so far sitting at $0.0108, after hitting a high of $0.0119 and a low of $0.0101.

Don't be fooled by this brief "pause" in the technical breakout. The setup still appears good, with solid support around the $0.01 level. This morning's and yesterday's sideways action is nothing more than a small rest after a big week of gains.

I really believe we could see upside continuation later today and tomorrow. If you want to take advantage of the breakout continuation, you need to act soon. 

The risk v reward appears solid here as a breakdown through $0.0095 could signal an exit point, or failed breakout, while the upside, especially past $0.012, is anyone's guess.

Make sure to keep AEXE on your radar today and tomorrow and continue to look for opportunities.

All the best.

SmallCapMomo.com



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Hello fellow investors / traders,
 
I've been battling with the flu the past week so I took some time off to rest and indeed look for new opportunities.

Today I am shifting gears to a play we previously banked 30% gains on, and have a feeling we could see another winner.

AEXE is the focus on today. It has been trading with increased volume over the past week as it has finally broken free from a two month consolidation period on a major news catalyst.

The key to this move is that it broke through and recaptured the $0.01 level on Tuesday, and held strong today. Now momentum has built, and now shorts could possibly start feeling the squeeze any day now.

Check out the chart below and you'll see what I mean.

Yesterday AEXE closed just below its 100 day moving average for the second day in a row, a bullish sign.

We think we could see this breakout continue.

You only need to look at the past to see how far AEXE can run. Back in December it skyrocketed some 500%. and it has since made several smaller triple digit runs.

Last week, AEXE announced the formation of its joint venture with Prina Energy has been completed.

The Joint Venture is known as AIM Exploration Dubai and is registered in Dubai. DMCC (Dubai Multi Commodities Centre) which is the largest Free Zone in the UAE and winner of FDI's Global Free Zone of the Year for 2016.

AIM Exploration Inc. will own 25% of the joint venture, AIM Exploration SA (Peru) will own 25%, and Prina Energy of India will own 50%. The Company is confident that each party of the Joint Venture will utilize its resources to make the Joint Venture a success.

AIM Dubai will be doing the world marketing for all of AIM's anthracite coal and the DMCC provides an ideal setting for AIM Exploration Dubai's future potential not only for marketing but also for financing.

Prina Energy has many strong relationships with the potential customers in India. This positions AIM to be well received for long term contracts for AIM's high grade anthracite coal.

AIM Exploration Dubai will be concentrating on the marketing of anthracite coal in India. The India steel market is currently number 3 in the world only behind China and Japan. The India market expected growth is anticipated to be extremely strong for many years ahead.


About AEXE...

Aim Exploration Inc. (AEXE) is an exploration stage company, engages in the acquisition and exploration of mineral properties. The company operates as a mining company focusing towards Anthracite production in Peru and worldwide marketing through a joint venture corporation with Prina Energy of India. The joint venture marketing arm is currently in the process of being formed and is intended to have the head office in Dubai, UEA.

The Anthracite Coal concessions are owned and/or controlled through their wholly owned subsidiary Aim Exploration SA. in Peru. AIM considers the mining concessions in Peru to be a high grade Anthracite Coal property in the Alto Chicama basin, in the province of Otuzco in Peru. Aim SA acquired these rights by purchasing these assets from Percana Mining Corp (Percana SA), a Peruvian corporation
 
The company owns interests in the Pabling, Alice, and Namalitocan mining claims covering an area of approximately 24 hectares; and in 648 hectares of land containing feldspar, silica quartz, limestone, etc. located at Brgys Caruan & Sulongan, Pasuquin, and Ilocos Norte, the Philippines. It also holds interests in coal concession properties located in the province of Otuzco, La Libertad region, Peru. The company was founded in 2010 and is based in Henderson, Nevada.

Per a recent EIA release, electricity generation fuel costs (dollars per million Btu) will be $2.16 for coal, compared with $3.02 for natural gas in 2016. For 2017, the fuel cost is expected to be $2.24 for coal and $3.61 for natural gas. It's thus evident that coal continues to enjoy price advantage over other sources of electricity generation.

Learn more about AEXE at their website http://aimexploration.com/


In Summary...

We think AEXE has excellent trading potential. With its recent breakout from long term consolidation and through the key one penny level, we think momentum is clearly still on traders side and given recent trading history, AEXE could have much higher to go

AEXE has seen a massive increase in trading volume over the past week as a result of the major news catalyst the company announced last week, and the trading momentum that continues to build.

Even popular trading website Barchart.com gives AEXE its highest possible rating

Now is the time to get AEXE on your trading screen and look for opportunities to ride a possible short squeeze breakout higher, potentially over multiple days.
 
 
To your success,
 
SmallCapMomo.com
 
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Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.
 

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