American Eagle looks like Litecoin did before its pump in 2017.Buying American Eagle looks really smart here. We could see a Litecoin-esque pump similar to 2017. This would, of course, lead to a large bear market, but in the meantime, the stock is looking very bullish and ready for a parabolic run. Loving this setup.
As always, stay profitable.
- Dalin Anderson
Americaneagle
American Eagle Outfitters - Multi-year Support BreakoutThe past 3-months' pullback seems to confirm the bearish breakout.
RSI is currently just above 40, and a drop below 40 is needed to further confirm the breakout.
Stochastic is currently under 20, the pullback was so quick that the stochastics did not show a retracement.