$ANF REVERSAL OPPORTUNITY AFTER 45% DECLINE

IT HAS BEEN A DRASTIC DECLINE FOR ANF LOSING 45% IN 1 MONTH, THIS PROVIDES A POSSIBLE OPPORTUNITY FOR A REVERSAL/BOUNCE TRADE FROM EXCEPTIONALLY OVERSOLD TERRITORY.
WE EXPECT SOME MORE DOWNSIDE AND A TEST OF SUPPORT AT $15.80 OR $14.20. SELLING HAS BEGAN TO DECLINE, WITH DECREASING VOLUME AND SOME BOTTOM FEEDERS HAVE STARTED TO NIBBLE ALREADY. THE RETAIL SECTOR IS UNDER FIRE BUT ANY GOOD ECONOMIC NEWS, A RATE CUT OR TRADE SETTLEMENT WITH CHINA SHOULD HELP STABILIZE THE SECTOR WHICH HAS VERY HIGH CHINESE MANUFACTURING EXPOSURE.