ANF trade ideas
ANF Earnings and chart analysisI am not sure if the wave pattern will complete itself as there is weaker retail sales in clothing and food (according to US Census Bureau). I am convinced that the company's fundamentals look good. The only dilemma in choosing long position is increased cotton price as well as lower retail sales. If anyone has anything to add, please do so (in the comments)! Comments and positive criticism is much appreciated.
Thank you.
ABERCROMBIE shares Sell IdeaABERCROMBIE shares Sell Idea @Monthly Supply Zone (29.17 - 32.75)
Sell Limit: 29.07
Stop Loss: 33.35
Take Profit: 20.79
ANF: SHORT, big volume but price don´t move higher than max. Doble top, big volume and price can´t reach the previous higher.Overextended, long period bullish.
Turkey moveDo you know the inductivist turkey? He got hurt because he has over-ridden patterns. But this time is different.
ANF Short Idea - "Ambercombie & Fall"Strong downtrend since 2013 got broken
Idea is that longs are trapped and so I'm expecting a pullback
Stop at 22.75
Take profit at 20.78
ANF Entry - Significant Shifting at all time lowRecent events in the industry with sector support are spiking several stock in the retail fashion field, ANF is strategically placed in this time and buyers are showing their interest at all-time-low.
For me, there are enough signs to support the attempt to build a position in the stock.
*Already holding in the fashion sector at AEO which also spiked and moved nicely, linking the trade here.
Long IdeaAbercrombie & Fitch Co is a retailer that sells apparel including knit and woven shirts, and graphic t-shirts under Abercrombie & Fitch, Abercrombie kids, and Hollister brands. It operates online stores as well as direct-to-consumer operations. Price chart broken a year long base formation. This could push the stock up to 23 Zone.
Bullish EngulfingBullish engulfing candles indicate immense buying interest that swallows the range of the prior candlestick low and surpasses the candlestick highs. The buying action is frenzied as the candle usually closes at its highs with little to no upper wick. This in turn triggers more buyers who spill over into the next candle. If the next candle closes higher than the bullish engulfing pattern, the next leg of the uptrend usually forms. www.investopedia.com
9.4.17 | ANF | Rising WedgeANF
(Code-Name_Virtue) Minor/Secondary Trend Press Release
Price has completed a Big W chart pattern and is now forming a Rising Wedge chart pattern. There is $.49 of daily volatility left in the Wedge with many strong supply values that price will be trading in if it continues bullish on Tuesday. The consensus is that price is going to reverse bearish this week, it may continue bullish on Tuesday due to the shopping from the holiday weekend however selling the high of tomorrow is sensible speculation.
(Keymaker)
Entry: Sell the high of the intraday chart.
Target: Exit when you're comfortable.
Stop: Use a 1:3 risk reward ratio.
Please scroll down for more charts based on this analysis.
I JUST BOUGHT ANF!Fib retracement after initiation of new uptrend. Low risk entry. First target pierce of $12.
OUT 2ND HALF ANF POSITION!In the money stop out on 2nd half of position.
Entry: $10.95
1st half: $11.24
2nd half: $11.25
Profit: 2.7%!
OUT 1/2 POSITION ANF!Out 1/2 position ANF at $11.24. Holding 2nd 1/2 and watching this little bull flag forming.
