Nov. 14 at 11:48 PM
$AEE Trade Plan:
Market Context: The last close is at
$105.02, with an RSI of 50.92 indicating neutral momentum. The stock is currently above its 30-day moving average (MA30) of
$104.00 and its 50-day moving average (MA50) of
$102.74, suggesting a bullish short-term trend.
Directional Bias: The price is near the 60-day high of
$106.73, which may act as resistance. However, the proximity to both MAs and the neutral RSI indicates potential for upward movement if it breaks above the high.
Suggested Entry: Consider entering a long position above
$106.73 to confirm bullish momentum.
Stop: Place a stop loss at
$104.00, just below the MA30, to limit potential losses.
Targets: First target at
$108.00, slightly below the psychological level of
$110.00. Second target at
$110.00, where profit-taking may occur.
Monitor price action closely for any changes in momentum or trend.
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