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JD_TeenTrader
Feb 26, 2024 2:51 PM

How will AEP react to it's results on Feb 27th?  Short

American Electric Power Company, Inc.NASDAQ

Description

We are taking a short position on AEP before it's results.

1) There is a nice deep crab pattern on H4
2) The H4 is overbought
3) There is a double top
4) Divergence is present

This is a purely technical view and we expect the news to be bearish for AEP.

Stop loss above 84.50

Target 73.
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