Abercrombie & Fitch Co trade above its Short-Term Down at $21.40 and is currently trading at $21.61.
We are now on this stock and will now execute a long term position trading strategy.
We will execute our first block of trade at $21.67 for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily ( 4 x 0.6720=$2.688) below our entry point at $21.67 . This will give us an Exit Price of $18.98 if our analysis is wrong.
This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.
Price Target 1: $25.00
Price Target 2: $28.66
Price Target 3: $31.25
Price Target 4: $37.50
Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.