American Electric Power Company Inc (NYSE:AEP):
The holding company American Electric Power (AEP), founded in 1906, supplies mainly the American market with electrical energy through its subsidiary company. In North America, the consortium is among the biggest providers of energy and natural gas. The market shares in European countries are increasing. In addition, the company also deals with the development, construction and operation of distribution plants as well as the transport of coal and other freight on the American inland waterways.
A nice trading opportunity is available in the hourly chart in the large trend. After the last point two at $71.32, the price came back into its green correction box, which is running between $67.21 and $61.45. During yesterday’s trading day, the price arrived at the very bottom of the zone and is showing us the first DowHow signals. With a stop beneath the green box, one can speculate on a continuation of the trend.
CMS Energy Corp (NYSE:CMS):
CMS Energy Corp. is a US energy group that has specialized in electricity and energy supply. The group functions as a holding company under whose roof various subsidiary and associate companies act. These are each focused on the various divisions of the overall business. These include, among others, Consumers Energy as an electricity and gas supplier or CMS Enterprises as an independent inland electricity producer.
Here, too, there is a nice entry opportunity in the mid-term hourly chart from the perspective of the large trend. The correction zone here runs between $42.81 and $38.99 on the lower side. The price was able to stabilize itself in this zone in the region of approx. $42, and is greatly oversold, such that one can speculate on a trend continuation with an entry at around $40.96 here. The stop should be placed beneath the green box.
FirstEnergy Corp (NYSE:FE):
FirstEnergy Corp. is a holding company whose subsidiary companies are active in the sector of energy supply. The group of companies supplies more than 6 million customers with electricity in an area with a size of 194,000 square miles, which stretches over Ohio, Pennsylvania and New Jersey. What is more, FirstEnergy delivers natural gas to approx. 150,000 households in the mid-west USA.
The situation in this value is also clear. We have a large, intact upward trend before us, whose correction zone runs to $31.39 on the lower side. If the price can defend this zone as things develop, there is an excellent entry opportunity, with a tight stop and targets placed far away.
Disclaimer:
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