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.
Note
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?
Note
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 $26.88Trade active
SHORT Began today @ $26.88Stop/Loss @ $29.03
Target: $19.46
Note
Target $22.51 - read chart wrong....make it happenTrade closed: stop reached
take the loss and move on
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Disclaimer
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.