Nov. 13 at 2:05 AM
$AES: The last close at
$14.27 is slightly below the 30-day moving average (MA30) of
$14.34, indicating a potential bearish sentiment. The RSI at 49.51 suggests a neutral momentum, with no strong overbought or oversold conditions. The 50-day moving average (MA50) at
$13.79 provides support, while the recent high of
$15.51 and low of
$12.33 establish a range that can guide trading decisions.
Directional bias leans slightly bearish due to the proximity to MA30 and the neutral RSI. Suggested entry point is around
$14.10, just below the MA30, to capture a potential bounce. Set a stop loss at
$13.70 to limit risk, considering the MA50 support.
Target 1 can be set at
$14.80, near the midpoint of the recent high-low range, while Target 2 can be at
$15.20, approaching the 60D high. Monitor price action closely for any changes in momentum.
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