ANF - Bearish H&S - PT 30 Short

Abercrombie & Fitch CompanyNYSE

Description

⋅ Aug 22, 2021 11:30 AM

ANF has a H&S pattern on the daily with an RSI trending under 50 and MACD under 0. If able to breakdown below the neckline, we should see an implied move towards 29-30 where 30.10 represents an old resistance area that should now have good support.

Daily timeframe Short Term: Bearish