Dec. 6 at 1:35 AM
Actionable Trade Alert for
$AEP
Market Context:
$AEP closed at
$118.04, currently below its 30-day moving average (MA30) of
$120.54 and slightly above its 50-day moving average (MA50) of
$118.46. The RSI at 38.58 indicates that the stock is approaching oversold conditions, suggesting a potential rebound. The recent high of
$124.8 and low of
$105.7 further defines the trading range.
Directional Bias: Bearish short-term due to the current price below MAs, but bullish potential exists given the low RSI and proximity to the 60D low.
Trade Plan:
- Suggested Entry:
$118.04
- Stop Loss:
$115.00 (3.5% below entry)
- Take Profit Targets:
1.
$121.00 (2.5% gain)
2.
$123.00 (4.3% gain)
3.
$138.00 (17% gain)
This trade plan allows for a solid risk-reward ratio while targeting a significant upside. Monitor closely for market movements.
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