AEE - Attempting to Break Long Term ChannelAEE has formed this long term channel on the Monthly timeframe
Viewing it on the Weekly we can see more clearly how price is attempting to breakout with this flag structure.
Really bullish if it breaks.
3.23%
4.41USD
1.074BUSD
7.957BUSD
261.762M
About Ameren Corporation
Sector
Industry
CEO
Martin J. Lyons
Website
Headquarters
St. Louis
Employees (FY)
9.244K
Founded
1902
ISIN
US0236081024
Ameren Corp. is a public utility holding company, which engages in the provision of electric and natural gas services. It operates through the following segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Transmission, and Other. The Ameren Transmission segment consists of the aggregated electric transmission businesses of Ameren Illinois and Ameren Transmission Company of Illinois (ATXI). The company was founded in 1902 and is headquartered in St. Louis, MO.
AEE - Top of Channel RejectionPrice has reached the top of a very long term channel
This is shown with the rising white line against the upper channel band
I expect price to return to the middle of this channel
I have shown this return to middle with the bars pattern tool
Rejection will likely be at around 100
$AEE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AEE after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
AEE Close to a breakoutPrice getting closer to a breakout
18 Month-long ascending triangle
Last dip held by 200 DMA
Earnings came above expectations
Pays out dividends as well
Cup and HandleSupport at mid cup/MC/ and handle low
No recommendation.
Long after long entry level met
AEE , Long , Trend following setup Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission.
A net positive company with decent
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