CFD Trading – Buy The AES Corp. (AES.NYS) @ $23.58. Stop @ $21.90 and Target @ $25.80

The AES Corp Stock Code AES.NYS

Outlook

Price broke above the cloud two trading sessions ago and in the previous trading session; we saw a continuation of the rally, confirming the new bullish price trend. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish and is hinting at a bullish price trend. We think price is likely to move higher to the previous price high at $25.82 in the next 2-3 weeks.

Strategy                  

$23.58                Buy

$25.80                Price Target

$21.90                Risk Management Stop

3 weeks              Trade Duration

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