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.
Giao dịch được đóng thủ công
Decided to get out. I just don't like the overall look of the marketGhi chú
Welp there's the move, looks like a good profit taking level at $16.86 resistance area.Ghi chú
There's the top
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Thông báo miễn trừ trách nhiệm
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.