AEO.US Daily Chart Our Expectations: Upward trend, correction to diagonal support. Possibility for long position with stop 22.53
Alternative Scenario: If the price drops and stays below the support, there will be an upside-down trending head-to-head formation. In this case, we can position shorts after a breakthrough test.
Comment: Upward trend, correction to diagonal resistances. At this level is also 38.2% Fibonacci. After a short consolidation, the price breaks through a strong bullish bar - a positive signal. CCI 50 is about to break level 0 from bottom to top - for a more precise input, we expect the breakthrough.
Fundamental:
From the company's accounts, it can be noticed that Cash Flow has jumped nearly 5 times this year, more precisely from 27,990 in 5/5/2018 to $ 124,407.
Net Income also almost doubled from 39,939 to 60,333 for the same period.
The company raised its assets for the past few quarters while recording a reduction in debt and liabilities.
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