The AES CorporationShort
AES Corporation - Short term view with strong support
Updated
So first of all both price and indicators are confirming the downtrend.
TodayAES opened with a gap succeeding yesterday's equilibrium in price with doji candles.
The price is still in the middle of the regression line and in the next few days the price don't seems to be close to upper 2 SD.
In the print above the yellow line shows the support at $11.43. The image's time horizon starts at the end of 2006.
Furthermore looking at short ratio available online the value is about 2,7 from mid October as well as more than 22M short interest
Today
AES opened with a gap succeeding yesterday's equilibrium in price with doji candles.The price is still in the middle of the regression line and in the next few days the price don't seems to be close to upper 2 SD.
In the print above the yellow line shows the support at $11.43. The image's time horizon starts at the end of 2006.
Furthermore looking at short ratio available online the value is about 2,7 from mid October as well as more than 22M short interest
Note
Please don't forget to move the chart to view the full printscreen it was a little bit bigger than expected lolTrade active
$11.43 was the support as was mentioned Nov 26.
$10.41 it is just the distance from head to neckline subtracted to breakout level
Note
Note
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