AEP Trading Analysis (27/06/2024)

The trend is upward. The stock trades 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 overbought condition.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-loss at 85.86.

Price targets at 90.95 and 93.20.

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