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AMEREN CORPAA

AMEREN CORP

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1AEE trade ideas

Ameren Corp - Head and ShouldersAmeren Corporation is an American power company... The company is based in St. Louis, Missouri, serving 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles. AEE has failed to breach the 54 resistance and has now formed a bearish head and shoulders on weekly. Short with a stop over the right shoulder high, ~53.5. Once we reach 50 we may bounce off the strong trendline support. Take profit on the bounce. But if we break through, add to the short and target 44.
NShort
by ParCorn
$AEE many bearish signals here that are worth considering$AEE is displaying far too many things that are worthy of considering a short for 1.5-3 R:R trades; 1) 2 previous days have respected the High-Low 50% fib almost to the cent 2) RSI has been toying with the RSI overbought level several times and is dipping under it once again 3) Price is peeling away from the upper bollinger indicating change of momentum 4) MACD histogram is falling as the MACD-Signal gap tightens 5) Currently at R1 resistance pivot 6) There are many horizontal levels here from March-April 2015 7) Hourly charge has a clear RSI divergence (with price making higher highs and RSI making higher lows) 8) Volume yesterday compared to two days ago has almost halved which may indicate falling bullish momentum DYOR as always
NShort
by ITM.Trading