AEL consolidating in Buy Zone Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always...
Clear upper trend, need to break the weekly key region for a good run.
Got supported at marked zone while making a hidden bullish divergence. Short term fib target 15.8 mid term 21 zoom out to see more details
AEL has broken out from the Triangle and has achieved its short term target. RSI might make a slight bearish divergence at 14.8 level. Keep a close eye
AEL has nicely breakout the cup and handle pattern with convincing volumes. Next we have resistance at the 17.7 17.9 area where we have AVWAP and fib resistances.
With the breakout of the Cup and Handle pattern with proper volume, traders may expect the stock to reach 14.50 levels. To manage risk, consider placing your stop loss at the previous higher low of 12.60.
The share has been consolidation for some time around 10-12 range. Now the share has broke out and trading near 14. There is a possibility in the ST to test 15+