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From the 12th of May 2020 I started covering a Strategy on AEL, which is called M-REV. It is the combination of MACD,RSI and EMA indicators coupled with Volumes of the Stock.
The Strategy has Conditions to meet for Buying and Selling decisions. These conditions have to be met fully to Buy or Sell.
The following chart is what I did on the 12th, here you will see the conditions of the Strategy.
Now the stock along with many Stocks increased in prices. AEL after a low of 10/60 touched 15/50 that's a 50% return in 2 days. It closed the week at 14/50.
The M-REV Strategy is not one to follow if you need to trade swings that you see in Price volatilities. For that you have many other strategies. Based on this strategy you have to wait until conditions are met to Buy or Sell. But for now we shall wait until the Conditions are met to Buy.
Price action along with Volume as at 15th of May is given in the Chart below:
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