Dec. 15 at 5:50 AM
Actionable Trade Alert for
$AEP:
Market Context:
$AEP is currently trading at
$114.13, significantly below its 60-day high of
$124.8 and closer to its 60-day low of
$105.7. The RSI at 26.65 indicates the stock is oversold, suggesting potential for a price rebound.
Directional Bias: Given the oversold RSI and the proximity to the 60-day low, we anticipate a bullish reversal. The stock is also trading below both the 30-day MA (120.02) and 50-day MA (118.99), indicating short-term weakness, but this also sets the stage for a correction.
Trade Plan:
- Suggested Entry:
$114.13
- Stop Loss:
$110.00 (approximately 3.7% below entry)
- Take Profit Targets:
1.
$118.00 (3.5% gain)
2.
$121.00 (6.0% gain)
3.
$134.00 (17.4% gain)
With this plan, we are targeting an ROI of over 17% on the third take profit, capitalizing on the potential recovery from oversold conditions.
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