AEP, American Electric Power Co. Inc. - Rectangle Pattern
NYSE:AEP
People like to use indicators or oscillators many times to predict the next trend.
Actually they can help you, but they will always be late.
And above all, what do you do if they are in contrast with each other?
Most importantly, do you have a backtest that proves in the long run that their use is profitable and valid on multiple markets and assets?
We go ahead on our technical analysis, aware of what makes us through backtest statistics and confirmed in real operation for years now aware of the deviation that may have on the annual average.
In this case we are waiting for a long breakout of this rectangle if it happens, knowing what is the Risk/Reward, the %Profitability, the size of the position aware of the entry and exit point and risk management.
Stay Tuned!
https://finance.yahoo.com/quote/AEP?p=AEP&.tsrc=fin-srch
People like to use indicators or oscillators many times to predict the next trend.
Actually they can help you, but they will always be late.
And above all, what do you do if they are in contrast with each other?
Most importantly, do you have a backtest that proves in the long run that their use is profitable and valid on multiple markets and assets?
We go ahead on our technical analysis, aware of what makes us through backtest statistics and confirmed in real operation for years now aware of the deviation that may have on the annual average.
In this case we are waiting for a long breakout of this rectangle if it happens, knowing what is the Risk/Reward, the %Profitability, the size of the position aware of the entry and exit point and risk management.
Stay Tuned!
https://finance.yahoo.com/quote/AEP?p=AEP&.tsrc=fin-srch
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