AES Corporation - Short term view with strong support

26. Nov. 2024

So first of all both price and indicators are confirming the downtrend.

Today AES opened with a gap succeeding yesterday's equilibrium in price with doji candles.

The price is still in the middle of the regression line and in the next few days the price don't seems to be close to upper 2 SD.

In the print above the yellow line shows the support at $11.43. The image's time horizon starts at the end of 2006.

Furthermore looking at short ratio available online the value is about 2,7 from mid October as well as more than 22M short interest

26. Nov. 2024

Anmerkung

Please don't forget to move the chart to view the full printscreen it was a little bit bigger than expected lol

19. Dez. 2024

Trade ist aktiv

The volume on the breakout was strong enough to confirm the neckline breakout. The stock had some equilibrium for a few weeks in the current week the price is breaking $12.36.

$11.43 was the support as was mentioned Nov 26.
$10.41 it is just the distance from head to neckline subtracted to breakout level

19. Dez. 2024

Anmerkung

19. Dez. 2024

Anmerkung

$13,95 show some losing momentum for buyers until they just lose all the strength