ANF has had a couple of strong gaps up. The last exceeded its measured range. While it looks like we may have missed the opportunity, we're coming up on its highest performing month of the year. Over the past 20 years it closes November higher 60% of the time with an average gain of 8%.
To play this one, I'd look for a smaller play on a pullback to 51-52, which...
If you haven`t bought ANF here, when the calls went up 5X:
Then analyzing the options chain and the chart patterns of ANF Abercrombie & Fitch prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $5.70.
If these options prove to be profitable prior to...
A-B-C wave completed, this is bearish set up and ANF will have hard time rising up from here. Add in insiders cashing out, retail sales that have peaked and haven't moved anywhere in the past year, and ever tighter consumer budget.
On the other hand, we still have very strong/resilient economy and maximum employment (people still have income and will go...
NYSE:ANF - many bullish indication and price action.
Possible resumption of Stage 2 uptrend
Teal moving average line is 30MA
Bottom panel: Mansfield Relative Strength
Analyzing the options chain of ANF Abercrombie & Fitch prior to the earnings report this week,
I would consider purchasing the 23usd strike price Calls with
an expiration date of 2023-5-26,
for a premium of approximately $1.55
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your...
THE CONSISTENT TRADES analyze ANF as a bearish/weak fundamental stock and therefore would be traded only in a short position.
ANF daily is in a rising wedge pattern which after the breakout is very bearish. On Friday it shot up but got rejected from the trendline and formed a shooting star reversal pattern.
Volume does not confirm this price action which is...
-INTRODUCTION-
Everyone’s favorite clothing company Abercrombie & Fitch is tanking. The stock gapped down to the $18.50 level after a bad earnings annoucement this week. Therefore, we will look for sell entries after a retracement.
-TRADING PLAN-
ANF is moving in a downtrend, making lower lows and lower highs. We currently have a gap at the $26.00 level. Current...
ANF currently sitting below a strong resistance zone, If we break above calls/shares can keep paying.
target 33,03-31.82 if we break trendline support, this is the most likely scenario in my opinion..
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bought on 4th Jan at point:
1) price -consolidate very close to EMA21 even EMA50
2) volume -very well under the average
3) atr -was decreasing
4) on that day, volume were double than prev. day
might:
EP: prev. day high ($20.94)
SL: $19.64 (6.21%)
TREND must be in order!!
-small one above the bigger one
-EMA200 was up for a month
-price doubled in the last 6...
3 Months : symetrical triangle => bearish
1 Month : symetriclal triangle => bearish
5 Days : descending triangle => bearish
1 Day : descending triangle => bearish
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I'll wait until consolidation between 31.50 and 32$, then maybe open a long position.
There's a divergence on a 1 month period: volume is increasing at buy and RSI is neutral, so my chart...
NYSE:ANF setup:
MACD crossing up
Bullish bar today broke the trend line
20 EMA crossed above 50 EMA and they are both accelerating up together
3 bottoms since August
Enter above today's high at 39.87
Stop under today's low at 38.42
(More conservative stop is under local low at 36.82)
Take profit just under July high at 47.12
Risk/Reward ratio of 5.0
On the monthly, we can see a double bottom pattern breakout that has yet to back test the previous resistance which happens more often than not. The daily H&S pattern gives us an implied move to do exactly this before moving up again. I would be more of a buyer in that 29-30 range if it can should support here.
Should see an ABCDE Descending Triangle Wave...
