AEP Trading Analysis (23/01/2024)

Bears have tested the support zone at 76.70. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.



Trading idea:

Buy when the formation of the ascending wave structure begins, when the A-wave breaches the sloping channel of the downward structure.

Stop-Loss at  76.70.

Target price levels at 79.90 and 84.40.

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