Nov. 21 at 3:16 AM
$AES: The current market context shows a last close of
$13.51, with the RSI at 43.57 indicating a neutral to slightly bearish momentum. The 30-day moving average (MA30) is at
$14.15, while the 50-day moving average (MA50) is at
$13.92, suggesting a bearish trend as the price is below both MAs. The 60-day high is
$15.51 and the low is
$12.33, indicating a range-bound market.
Directional bias leans bearish given the RSI below 50 and the price under both MAs. A suggested entry point would be around
$13.40, just below the recent close, with a stop loss set at
$13.00 to manage risk. Target 1 can be set at
$12.75, aligning with the lower end of the 60D range, and Target 2 at
$12.50, providing a further downside opportunity.
Overall, the trade plan reflects a cautious approach in a bearish context.
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