CONFLICTED(IN MY INFINITE IGNORANCE)
PRICE AND VOLUME HAVE BULLISH TENDENCIES WITH PROMISING VOLUME PATTERNS AND A BIG BULLISH CANDLE OFF 22$ RESISTANCE.
ACCORDING TO THE ADX, WE ARE RANGING - BUT INDICATORS SHOW SIGHS OF A POSSIBLE REJECTION (REVERSAL) TO THE DOWNSIDE.
ANY ADVICE, INPUTS, CONCERNS AND THOUGHTS WOULD BE APPRECIATED.
AFG trade ideas
Another possible Breakout with AEO AEO came across the scanner tonight and I like the look of the set up. I am watching for a possible breakout to the upside, with a target of $22.14-$22.45.
Another setup to watch closely. If the price falls below the lower support line than the trade Idea is void.
Lets see where this one goes.
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
Cheers,
Les
AEO trading in a channelLook 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.
AEO American Eagle Outfitters Short OpportunityAfter 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 brakeout or range bound trade?Now American Eagle Outfitters could very well break out considering the bull flag pattern and kind of positive earnings report (not negative=positive?) but I also like "buying the dip", might be an even better way to get in before a breakout even happens... Perhaps do both?
Long IdeaAmerican Eagle Outfitters is a retailer of apparel and accessories that also offers personal care products. It sells its products in stores as well as online. It operates stores in the USA, Canada, Mexico, Hong Kong, China and the UK. Price Chart completed over 8 month long H&S pattern. Look for long on a weekly close above neckline of 14.57. H&S Bottom Target comes at 18.58 area.
The Bearish Case for AEO -- Gap up or Bull Trap?Red Flag refers to gap up, could this be a bull trap?
im looking for it to correct around the .618 and .78, resistance at the 1
OTHER CONSIDERATIONS:
IMPLIED VOLATILITY/EARNINGS
SEASONAL -- Also, keep in mind some believe that clothing retailers stock price can be influenced by temperature/heat (see: Kohls, Sears, etc) -- with the end of summer around the corner, demand could and likely will move to other sectors