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Trading Idea for Ameren Corp. (NYSE)

25.01.2021

Market Review

#AEE
The overall trend is upward. The descending pattern of the H4 level is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.


Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop loss under the local minimum: 71.00.
Target levels: 79.61; 85.44.

Author: GC
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