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JK_Market_Recap
Mar 11, 2024 12:18 PM

Abercrombie & Fitch Co running out of steam 

Abercrombie & Fitch CompanyNYSE

Description

Abercrombie & Fitch Co has been a rock star performance driver of late; we have noticed a turning point. Sentiment and momentum have shifted to bearish which has triggered our belief that a short position now is the right allocation play. We fully expect as the RSI & Stochastics have shifted bearish further validating our belief that price trajectory is expected to moved below the next Fibonacci support levels on the way down with mild bounce expected along the way down
Comments
mindfulnessmeditation777
Price target?
JK_Market_Recap
@mindfulnessmeditation777, price targets have been mapped on the left of the chart. In descending order=> $113=>$91=>$75.
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