$ANF Double tops with bearish flag forming ! - Double tops on the weekly - Perfect entry on the bear flag
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.. Like and follow for more! 💘
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: $19.64 (6.21%) TREND must be in order!! -small one above the bigger one -EMA200 was up for a month -price doubled in the last 6...
3 Months : symetrical triangle => bearish 1 Month : symetriclal triangle => bearish 5 Days : descending triangle => bearish 1 Day : descending triangle => bearish ----- I'll wait until consolidation between 31.50 and 32$, 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
By breaking through the resistance 39.00, the falling wedge pattern is confirmed Buy target 47.29 Stop losses if it closes below 36.00
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...
ANF has a H&S pattern on the daily with an RSI trending under 50 and MACD under 0. If able to breakdown below the neckline, we should see an implied move towards 29-30 where 30.10 represents an old resistance area that should now have good support. Daily timeframe Short Term: Bearish
ANF touched the lower bandwith of the uptrend... Speculative long position was opened with only 1% risk
Abercrombie is very strong the last month and established a good upward trend.
As markets are shifting from high flyers to value we need to take a look at some nice charts with room to run. ANF like UA are looking good. Of course a correction is required before pushing higher.
BUY @ 20.70 T1 21.50 T2 21.90 AL closing below 20.30
on 30m chart SELL around 15.45 T1 14.95 T2 14.60 on daily chart SELL 16.10 to 16.50 T1 13.00 T2 10.80 SL closing up 18.85 The expected time to achieve the target is in the half hour of one to three weeks The expected time to achieve the target on a daily basis, a maximum of three months
With the indices showing solid signs that they might continue their bullish run and ANF being at solid support I think right now might be one of the best prices to buy into this. Of-course lower lows could come and the pattern could fail... we cannot decide which setup with be the winner and which the loser. I didn't add an SL here as I bought the stock on...
Alex Vieira Urges SELL SHORT AMERICANS MASSIVELY LAUGHING HARD
ANF is currently oversold according to the daily stochastic indicator and 200 day MA. However it overcame the 50 day MA, and is above both the daily Ichimoku Cloud and the weekly pivot P. In addition there is a bullish crossover on the stochastic. The target is .786 fib = 18.00 which also lines up with the 200 day MA. Target =18.00 (+4.66%) Stop loss = 17.00 (-0.87%)