AEM - Possible set-up in channel

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Lots of volume recently after the recent earnings. The EMA's are bearish and the SMA's look to be headed for a bearish cross soon. A buy signal was given on MACD and Stochastics with the bounce off resistance. I'd wait for a close of the earnings gap to leg into a temporary bullish position off this bounce. The R:R isn't very great, so bullish might not be the direction. A bearish close below the recent lows would make a much better R:R.

Close at 28.12 and I'd be watching for the bump against resistance to get in bearish.

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