Ameren CorporationShort
Ameren Corp - Head and Shoulders
Updated
Ameren Corporation is an American power company... The company is based in St. Louis, Missouri, serving 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles.
AEE has failed to breach the 54 resistance and has now formed a bearish head and shoulders on weekly. Short with a stop over the right shoulder high, ~53.5. Once we reach 50 we may bounce off the strong trendline support. Take profit on the bounce. But if we break through, add to the short and target 44.
AEE has failed to breach the 54 resistance and has now formed a bearish head and shoulders on weekly. Short with a stop over the right shoulder high, ~53.5. Once we reach 50 we may bounce off the strong trendline support. Take profit on the bounce. But if we break through, add to the short and target 44.
Note
Daily chart shows the clear sell signal on fisher RSI. MACD dwindling down towards red (but still a little green, another reason to start with half position). 
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