ANF has had an amazing run as I had expected it would back when I first published the trade.
Of course, I had no idea it would have performed in such a manner. However, the time has come for at least a correction if not more.
Wait for a crack in the recent uptrend and take your profits.
Bulls and bears make money pigs get slaughtered! CAUTION!
ANF's Recent Pullback and Future Outlook
ANF has experienced a significant pullback from its all-time highs after its most recent earnings report. This trend isn't unique to ANF, as even Lululemon (LULU), a market leader, has seen a drawdown since the year's beginning.
However, I believe ANF's current rise is likely a short-term bounce, not a sustained...
Thesis: Bearish momentum on the daily and weekly stochastic. Closed below the 48 day ema, MTD, and YTD Anchored Vwap. Trend on daily ema ribbon has fliped bearish.
However price found Support on -1 monthly ART level so I wouldn't be surprised to see a bounce.
If it bounces back to the daily ribbon and the bearish moment is still in tact sell the rip! I will be...
ANF has been on a relentless bull run.
It has obviously hit "a" top if not "the" top.
Mapped are key areas of interest for entries.
$ 111.65-112.64 is current support, should break.
$ 103.14-103.14 is the minimum expected retrace.
$ 91.53 - 92.54 is the 'Ideal" zone for long entries.
Key is to observe price action at each fib for...
ANF, one of the silliest charts out there, you'd think it was a tech company. Up >500% since this time last year
Guessing when this parabolic advance breaks down, this heads closer to 100, but in the meanwhile, just watching the craziness.
Breakdown from the channel confirming the downward bearish reversal. Last weekly candle broke down but we need a confirmation candle to further solidify the breakdown. Price heading lower to our pointed price targets
Abercrombie & Fitch Co has been a rock star performance driver of late; we have noticed a turning point. Sentiment and momentum have shifted to bearish which has triggered our belief that a short position now is the right allocation play. We fully expect as the RSI & Stochastics have shifted bearish further validating our belief that price trajectory is expected...
Amidst a tumultuous market environment, Abercrombie & Fitch Co. (NYSE: NYSE:ANF ) has emerged as a beacon of resilience and growth, with its latest forecast painting a rosy picture for the apparel giant. The company's confident projection of full-year revenue growth exceeding Wall Street estimates underscores its unwavering confidence in the strength of its...
ANF has been on an absolute tear. Is it warranted?? Yes, their earning have drastically improved, but is this growth sustainable with continued increases in credit default rates?
This brand has no cult following like that of Lululemon.
YTD +40%
1 year chart +331%
+66% previous peak in 2007 when this clothing brand was the one and only for teens.
Currently...
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.
Can someone please explain this to me? ANF is at an all time high. Well over the peak valuation from it's height of popularity in 2007. The weekly chart is so overbought it's laughable, but is it done? I'm so tempted to start shorting. Each one of these pumps has been followed by an equally ruthless plunge. Will this time be different?
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...
