ITM.Trading
Short

$AEE many bearish signals here that are worth considering

NYSE:AEE   AMEREN CORP
27 0 0
$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
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