AES is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Traders are watching AES Corporation (AES) as price action tightens. With a last close of $14.3, volatility remains active (0.7%). Algorithmically, a Bearish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $13.99, targeting $9.81 with support near $14.95 (R:R 4.35).
What is your outlook on AES?