Dec. 10 at 3:05 AM
Actionable Trade Alert for
$AEE:
Market Context:
$AEE is currently trading at
$98.34, showing a significant bearish trend as indicated by the RSI of 25.3, which suggests oversold conditions. The stock is below its 30-day MA of 103.15 and 50-day MA of 103.64, reinforcing a downward bias. However, the proximity to the 60-day low of
$97.9 indicates potential support.
Directional Bias: The strong oversold RSI suggests a possible reversal. The stock's recent low and the ATR of 1.7 provide a reasonable range for a bounce.
Trade Plan:
- Suggested Entry:
$98.50 (slightly above current close for confirmation)
- Stop Loss:
$96.50 (to limit losses)
- Take Profit Targets:
- TP1:
$101.00 (3% gain)
- TP2:
$103.00 (4.5% gain)
- TP3:
$115.00 (17% gain)
This plan leverages the potential for a rebound from oversold conditions while managing risk effectively.
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