Abercrombie ANF has been a terrible fall after the earning and still the negative news keeps on coming. However technicals are saying the downturn may be pretty close to be over. Since the recent massive down trend its forming a solid base and the RSI is showing up a healthy bullish divergence just sort of erupting into price action to the upside.
Also it has been a strong buy on my own indicator which is pretty accurate. I will expect an 20-30% upswing from here. However before any big move up there could be a still a small leg down.
This is a very high probability swing trede.
I will buy a 30% of my swing trading investment capital and continue accumulate in 2 more chunks of 30% it if it goes a little down from here or if there is a breakout.
I am expecting a breakout to show up in next week or may be next month as the indicators are evolving on a 4hr chart.
I will have a 10% risk with a 20-30 % reward for this trade. Best of luck...
Also it has been a strong buy on my own indicator which is pretty accurate. I will expect an 20-30% upswing from here. However before any big move up there could be a still a small leg down.
This is a very high probability swing trede.
I will buy a 30% of my swing trading investment capital and continue accumulate in 2 more chunks of 30% it if it goes a little down from here or if there is a breakout.
I am expecting a breakout to show up in next week or may be next month as the indicators are evolving on a 4hr chart.
I will have a 10% risk with a 20-30 % reward for this trade. Best of luck...
