AEP oversold! Price target and stop lossAmerican Electric Power Company, Inc. (AEP) oversold on the daily!
Based on support and resistance we have:
Price target: 91.50usd
Stop loss: 76.30usd
Americanelectric
AEP Trendline BreakNASDAQ:AEP had a nice trendline break on Thursday followed by a retracement bar giving the perfect opportunity for a trade entry.
Entry above Friday's high at 85.68
Profit target is just under the high on 4/20/21 at 90.52
Stop loss under Friday's low at 84.74
Risk/Reward ratio is 5.15
AEP - Buying Opportunity American Electric Company after fall again on Weekly level and good chance to buy it again.
Fundamental record still good and can expect rising it's EPS.
