Ryan1993

Could this AEP trade pay off?

Long
BATS:AEP   American Electric Power Company, Inc.
Can AEP catch a bounce of its 3Month EMA?
Poised a nice looking DOGI Shooting star whilst buying back up above its moving average.
A nice looking ratio from the bottom of the wick to the 0.5 retracement. Also having confluence with the 2nd Standard deviation of its long term regression trend.
Mind you utilities maybe expected to overperform for the next coming weeks. Hopefully that of which concludes with a incline of certain companies share prices.
A nice double bottom with a above 3% retest, whilst a push up above and a quick retest of the long term moving average. This is a picture perfect setup.
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