Longer Term Trading Plans for AEG
- Buy AEG near 5.89 target 6.34 stop loss @ 5.87
- Short AEG slightly under 6.34, target 5.89, stop loss @ 6.36
April 20, 2025, 01:24 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy AEG near 5.89 with an upside target of 6.34. This data also tells us to set a stop loss @ 5.87 to protect against excessive loss in case the stock begins to move against the trade. 5.89 is the first level of support below 6.1 , and by rule, any test of support is a buy signal. In this case, support 5.89 would be being tested, so a buy signal would exist.
The…