24.12.2020
#AEP
The overall trend is upward. The stock is trading near the lower limit of the ascending price channel. The descending H4 level pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss under the local minimum of the descending truncated pattern.
Target levels: 88.26; 94.10.
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