American Eagle Outfitters formed an adam and eve bottom chart pattern and has now broken through resistance at $12.33 and retested it as support.
The next level it needs to break to the upside is $13.46.
If it can break above that level, then the next resistance is at the $15.49 level which is also the 50% retracement from the highs. That would make for a great short term target.
However, I've marked off resistance above that just incase the move continues to run.
Let's see how it plays out.
The next level it needs to break to the upside is $13.46.
If it can break above that level, then the next resistance is at the $15.49 level which is also the 50% retracement from the highs. That would make for a great short term target.
However, I've marked off resistance above that just incase the move continues to run.
Let's see how it plays out.
Trade closed manually
Decided to get out. I just don't like the overall look of the marketNote
Welp there's the move, looks like a good profit taking level at $16.86 resistance area.Note
There's the top
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.