ANF - Price hitting top of downward channel

ANF             has been experiencing a significant downward trend since early September. Each time price has hit the top of the downward channel , price has dropped, continuing the downward trend. Price tends to continue in a trend / channel.

1. Price is in a daily bollinger band squeeze
2. OBV continues on a downward slope (often an indication of the direction of the squeeze)
3. Weekly chart shows daily consolidation as a bear flag
4. Price passed through long term support @29.21 and retraced back. This is in the same area of the downward trend.
5. Overall market is showing a lot of weakness right now which will help put pressure on price.

1. Oscillators showing divergence (MACD& Stochastic )
2. Price has not fallen as fast as it has in the past when top of channel was touched
3. Has fallen $16.56, or 37%, over the last 4 months. Volume has increased recently without significant price spikes. This can indicate institutions are seeing this as a value stock and price has bottomed out.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out