Look at this beautiful channel that AEO has been building for us to milk. This seems like a no brainer play to me. I'll be buying now with a stop loss right below the lower trendline. I'll only sell if it CLOSES daily price action below this trendline. One lesson I've learned recently is that intra day price action does no accurately follow trends on daily charts.
Comment:
I've never had an idea play out by the books, there's always a curveball to navigate. This idea ended up playing out perfectly. Take profits here.