American Electric Power Company, Inc.Viés de alta
AEP Bullish
Price recently closed above the .78 fibonacci level and the most recent candle managed to hold that level.
The OBV confirms the recent price action.
The D+ crossed D- on the ADX on 9/1 and the MACD is currently crossing.
AEP has a negative correlation coefficient of -0.5880 (1 year) in relation to the SPY so despite the possible double top formation I am inclined to take a shot at this as S&P futures cratered premarket after the inflation report.
Tight 1 ATR stop: 103.38 (.61 Fibonacci level)
Target: 108.87
The OBV confirms the recent price action.
The D+ crossed D- on the ADX on 9/1 and the MACD is currently crossing.
AEP has a negative correlation coefficient of -0.5880 (1 year) in relation to the SPY so despite the possible double top formation I am inclined to take a shot at this as S&P futures cratered premarket after the inflation report.
Tight 1 ATR stop: 103.38 (.61 Fibonacci level)
Target: 108.87
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.