Trade Idea for Ameren Corp. (NYSE)

Ameren Corp. (NYSE)
#AEE

The trend is bullish. The stock is trading between the 365 and 135 EMA. The descending wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trade Idea:

Buy upon the formation of an ascending wave structure, where wave (A) breaks through the trendline of the descending truncated structure.

Stop Loss – 102.80.
Target levels – 104.50; 105.70.