$AEP | American Electric Power: Nasdaq-100 Inclusion$AEP Added to the Nasdaq 100 index (NDX)
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AEP trade ideas
Long on AEP After entering the oversold territory , it has made a hammer indicating the reversal in the trend.
Immediate Target - 85 and then shift stop loss to 85 with target for 90
AEP bounce swing playGreen Hammer at the bottom of a down trend, and yesterday confirmed reversal. Since Yesterday it closed in a green doji the move is still undecided. Given bullish sentiment to the market and the increased volume in this stock the past 2 days, it could either consolidate here or keep rising. I don' see any bearish momentum at all. Given that this bounced from the oversold area and has a big gap up potential, this is a good swing trade going long.
Price action trading is almost everythingI am sure you’ve probably heard about price action trading. It’s not the name of an American action movie 🙂 You will read price action on every financial web site and media when they refer to the movement of any stock of Forex cross pair. Price action is the movement of the underlying stock price plotted over time. It is said to form the basis for all technical analysis of any stock, commodity, futures or any other asset.
Many traders like me will rely exclusively on stock price action and supply and demand imbalances to make trading decisions. Candlestick formations and trend analysis is a very powerful weapon you must have in your stock trading arsenal. It can help you a lot at making trading decisions.
Price action trading requires patience, moreover if you are a supply and demand trader like me. We will see strong moves in a given direction and then once the movement has been made, I will have to wait for the pullback. That requires time, even more so when using timeframes like the weekly.
Trading price action requires a lot of practice. The underlying candlestick formations can tell us a lot about the market players involved in any move. You can see such an example in the stock price action analysis shared below for American Electric Power (NASDAQ: AEP) stock. This American stock is a major investor-owned electric utility in the United States of America, delivering electricity to more than five million customers in eleven American states.
Pay attention to the price action on American Electric Power (NASDAQ: AEP) stock. There bullish impulse drawn in blue is said to be a demand imbalance. The strength of the bullish move is made of several wide candlestick bodies. It’s the strongest formation that has happened on AEP for months. Hopefully, it will play out nicely. So far, it’s trying to rally. There is a lot of profit potential.
AEP Bearish AEP is looking bearish because it shows a repeated channel pattern with distinct troughs and peaks. Indicators are pointing towards a sell, and so is candle action. Tradingview is rating AEP as a "sell" right now.
Great Longterm stockWeekly and monthly since 2009 wonderful channel up, now consolidation since three weeks in a flag-like zone. Seeing how the previous 5 times after earnings shares came back a lot, I would wait for a retest of the ascending trendline and then trying to find an entry at around 84-86. For the long term its a wonderful stock.
$AEP posting Earnings almost as expected.PEAD is projecting a slight bullish outlook for $AEP, Price is currently trading around above the median line of the PEAD cone.
AEP - Significant upside post-Biden winGiven a Biden win, there is a significant near-term upside. Long-term, it will steamroll the sector.
American Electric Power - Good risk to reward stock trade idea! Looks like a good setup to go long. It may take couple of weeks to hit the target, but good wait for 1:2 risk to reward ratio.
Disclaimer: This is neither recommendation nor advise to invest/trade. This is my journal for educational purpose only
AEP long runAEP on the resistance or down abc or jumping up
after abc the trade is 3% risk for 30% win
this is not advice!
just an idea
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Wait for a correction and buyTarget 1 : 100
You must look for a good entry point
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
AEP: Short Term Pull Back"Be Careful As The Main Trend Is Bullish"
Bearish Scenario:
TP = @ 88.28
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AEP-0.89*ATO $AEP (American Electric Power) $ATO (Atmos Energy)Quantamental Tools for Proprietary and Retail Investors.
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Short 100 $AEP
Long 89 $ATO
