AEP Trading Analysis (17/06/2024)

The trend is up. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy when the formation of the upward wave structure starts, where the wave A breaches the sloping channel of the downtrend truncated structure.

Stop-loss at 86.92.

Price targets at 92.35 and 93.20.

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