AEE trade ideas
AEE fail of the channelBefore the trade
there will be a bounce form lower point of the channel and the price will go to the upper resistance line
after the trade
you recognize the support and reistance line well
that you should be carefull when seting stop order somethimes the rule of previous high is not enough.
AEE taking off to the upsideAEE broke above the 50-day MA. and a symmetrical triangle. The MACD shows upside momentum.
Long Bull DayComing after a 7-month support and succeeding a heavy selling session yesterday with upbeat buying and an RSI pointing almost straight up. Stock hit oversold territory January 10.
Potential BreakoutLots of Utilities forming potential flattop breakout patterns....some still have earnings call in the coming week.
Ameren Corp - Head and ShouldersAmeren 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 Long - absolutely crazy idea.Long:
I see 2 reasons to Long - 2 days price was closing above level 49 and we can see triangle based on 49 as resistance side.
So, I bought it with stop-loss 48.9 and target 52.
Will see...
$AEE many bearish signals here that are worth considering$AEE is displaying far too many things that are worthy of considering a short for 1.5-3 R:R trades;
1) 2 previous days have respected the High-Low 50% fib almost to the cent
2) RSI has been toying with the RSI overbought level several times and is dipping under it once again
3) Price is peeling away from the upper bollinger indicating change of momentum
4) MACD histogram is falling as the MACD-Signal gap tightens
5) Currently at R1 resistance pivot
6) There are many horizontal levels here from March-April 2015
7) Hourly charge has a clear RSI divergence (with price making higher highs and RSI making higher lows)
8) Volume yesterday compared to two days ago has almost halved which may indicate falling bullish momentum
DYOR as always
low enough?even though the profits are not in the put options (sept) it is time for a bounce,
the utilties are a place some find safety for the dividend and the yield , when the bears growl
