BREAKOUT OF LONG STANDING RESISTANCE. BACK TEST TODAY. IF THIS HOLDS GONNA BE A GOOD ONE PROBABLY. STOP LOSS UNDER RESISTANCE OBVIOUSLY.
AES This investment is for more long-term portfolio since its a the Electric Utility Good safe haven +Dividends) ; however,,, I do see swing trade to $16; Long-Term $18 to $22.
Breakout after multiyear consolidation with evidences of stock accumulation. Price objective based on P&F count: 66-72$. Largest holding due to massive potential and dividends.
Entry after MA Cross and several oscillators/indicator upward facing
Over the past one month, we have seen that there is a short term selling pressure from its all time high. Yesterday, we have seen that buyers are defending the psychological support of 17.00. Thus, with an ideal uptrend that is still intact, we will expect prices to reach 17.90-18.00, where profit taking might take place again
Buy & hold kind of stock. the most impotrant levels are shown on the chart.
With price nearing the overhead resistance line, 3 red candles in the last 3 days & the probability of mean reversion to the Kijun-Sen line against the background of bearish current market sentiment, it would be interesting to see how this pattern will work out.
HOPING FOR PULLBACK/CONSOLIDATION TO GET LONG LONG UP ON MONTH/WEEK/STRONG CLOSE YESTERDAY
AES is bullish since completing the inverted head and shoulders pattern at the end of February last year, and now nearing completion of a wedge with support at $11.00. Expecting to see a move up to resistance at approximately $13.00 if an upward breakout occurs.