AEO is rebounding off of a double-bottom. Volume today and yesterday was very high, signifying that there's lots of activity at this price. Risk is ~7%, which is pretty high, but the risk-reward ratio is ~5.5, which is not bad. MACD is showing a sell signal, but RSI and the price movement is showing that it is (hopefully) a good time to buy.
Other analysts are also saying to buy or hold, and I know other people who have similar ideas.
I entered in at $6.82 and set the stop loss at $6.40.
Other analysts are also saying to buy or hold, and I know other people who have similar ideas.
I entered in at $6.82 and set the stop loss at $6.40.
Trade active:
It's retracing earlier than I expected. I might add on to my position at around $6.85
Trade active:
Took partial profit at $8.10. Next goal is $8.30
Trade active:
Seems to be following an upward trendline but it's kinda struggling
Trade closed manually:
I'm just gonna sell the rest of my position at $7.70