Long on AES - HarmonicsDropping from 29$ levels in year 2022 and now its near bottom and ready for reversal. Stock has a good dividend yield of 6% and can return 50% in next 2-3 years. With the given dividend yield and technicals , it offers good risk to reward ratio. Its trying to form reversal candle, lets see
Target 1: 14
Target 2: 16
AES trade ideas
AES finally found the bottom?NYSE:AES closed above a short term resistance level on 2/18/25. Could be bottom of multi-year downtrend... next resistance level ~$10.82. Would get long if AES can hold above this level on good earnings report. Clear sailing until the $11.42 level after that. Would like to see volume pick up for further confirmation.
AES Corporation - Short term view with strong supportSo first of all both price and indicators are confirming the downtrend.
Today NYSE: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
AES - long position (1D)Hi traders,
Long position on AES (1D), based on the trend reversal suggested by the Williams Alligator and by the divergence with the RSI. We backtested this strategy in the last two years, entering long or short only when the price closed above (for long) and under (for short) the line of the teeth (red line). When this happened there was usually a crossing of the lines of the indicator. We put our take profit where the price hit a support/resistance or when a candle closed under the red line (close long position) or above the red line (close short position). We put our stop loss at the level of the resistance/support or when, after the crossing of the lines of the Alligator, a candle closed under the red line (for long position, closing with a loss) or above the red line (for short position, closing with a loss). This strategy gave a return of 83.4% since January 2024.
we will open the short position if the price will close above the red line. In this case the stop loss will be few cents under the support level and the take profit will be at the level of the previous resistance. In any case we should close our position if the price will close under the red line.
Good luck!
$AES - Looks to be bottomingNYSE:AES looks to be bottoming. The oscillators are curling up. The chart shows two oscillators, but the rest of the oscillators are all turning up.
The targets and potential drop area are shown on the chart. Target 1 would be a tough resistance as it is in the POC region, so there is a possibility of rejection around that level.
Bear in mind that if the triangle pattern plays out, the measured move upon breakout is $30.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
AES Golden CrossAES made a "golden cross" on 9/1 and the daily candle made a bullish engulfing candle.
In addition the Bullish Engulfing candle closed above the (weekly) descending trend line of the triangle.
OBV crossed above its 9 day EMA and the 13 day FI recently crossed zero suggesting momentum is accelerating.
Stop: 2XATR ($24.59)
Target: $28.89 (prior resistance)