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 chiuso manualmente
Decided to get out. I just don't like the overall look of the marketNota
Welp there's the move, looks like a good profit taking level at $16.86 resistance area.Nota
There's the top
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.