Tag: AES Corp

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

AES Corporation Stock Code AES.NYS

Outlook

Price declined below the cloud 4 days ago and had stayed below the cloud over the past 4 days. In the previous trading session, price was unable to move above the cloud, confirming the bearish price trend. The conversion line and base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish price trend. The MACD indicator is bearish with both its lines below the zero line. We foresee price moving lower to the previous low at $22.52 in the next 2-3 weeks.

Strategy                  

$24.10                Short Sell

$22.52                Price Target

$25.25                Risk Management Stop

3 weeks              Trade Duration