NYSE:ANF   ABERCROMBIE & FITCH CO
144 5 3
Updated notes on chart
OldGoat
2 years ago
Looks like there might be a downward AB=CD from March 5. Friday's High was a .618 retrace. Target is 37.07 +/- .04 (approx. 50% retrace of 2/5-3/5 leg). Should coincide with your 50MA and lower BB around Close Thursday.

Unclear if that alters your rounding bottom projection. Hope not, I like your target.
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KLang PRO OldGoat
2 years ago
Look at the weekly of the same formation. Looks like a bull flag to me.
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KLang PRO KLang
2 years ago
..also a back test of rounding bottom is not that unusual especially with the declining 200dma. Other dmas are rising - in our favor for a bullish move. But it's a lotto call for sure :)
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OldGoat
2 years ago
Chart of AB=CD referenced below.
snapshot
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littleriver
2 years ago
I like it long here to 46, then it looks like a grind.
snapshot
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