Nov. 13 at 1:10 AM
$AEP: The current market context shows a last close at
$122.75, with an RSI of 66.56 indicating that the asset is approaching overbought territory, suggesting caution. The 30-day moving average (MA30) at
$118.06 and the 50-day moving average (MA50) at
$114.22 both indicate a bullish trend, as the price is above these averages. The recent 60-day high of
$123.31 is close to the current price, which may act as a resistance level, while the low of
$105.7 provides a solid support base.
Directional bias leans bullish but with caution due to the RSI. Suggested entry could be at
$121.50, just below resistance. Set a stop loss at
$120.00 to manage risk. First target at
$124.00, just above the 60D high, and a second target at
$126.00, allowing for potential continuation if momentum builds.
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