AEO American Eagle Outfitters Short Opportunity
After being a holder for years of
AEO
, I recently sold for a gain and have been keeping a close eye still.
AEO is about to hit a fib. line of .786 at or around 26.88 price. Yes, it may climb higher, but the recent trend has been to drop steep after hitting a mark.
Monitor and watch for a possible short soon by October at the latest.
AEO
, I recently sold for a gain and have been keeping a close eye still. AEO is about to hit a fib. line of .786 at or around 26.88 price. Yes, it may climb higher, but the recent trend has been to drop steep after hitting a mark.
Monitor and watch for a possible short soon by October at the latest.
Comment:
We are getting extremely close to our enter target. Be on the watch, still looks like a great spot to short at the price of $26.88
Trade active:
SHORT Began today @ $26.88
Stop/Loss @ $29.03
Target: $19.46
Stop/Loss @ $29.03
Target: $19.46
Comment:
Target $22.51 - read chart wrong....make it happen
Trade closed: stop reached:
take the loss and move on
As we draw closer to the .786 fib line, I added in the weekly chart line dating back from 2009 to see if I want to adjust my short buy in.
Thoughts?