ANF trade ideas
ANF Daily SetupNYSE: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
ANF daily chart- ready to go up 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
ANF - Bearish H&S - PT 30On 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 Playout over the longterm and would follow this for my trading range.
ANF - Bearish H&S - PT 30ANF 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
Opened short term long position in AbercrombieANF touched the lower bandwith of the uptrend... Speculative long position was opened with only 1% risk
Abercrombie and Fitch maybe soon in a good buying zoneAbercrombie is very strong the last month and established a good upward trend.
ANF- D chrt and 30m charton 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
$ANF showing excellent "Buy and Ride" signsWith 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 revolut physically. This is a buy and hold for now.
Alex Vieira Urges SELL SHORT AMERICANS MASSIVELY LAUGHING HARDAlex Vieira Urges SELL SHORT AMERICANS MASSIVELY LAUGHING HARD
ANF Good entry for pre earnings playANF 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%)
Trying to figure out how drawings follow charts, Part 2I've been struggling with this issue since I opened my account two weeks ago. I saw that drawings were disappearing. I upgraded two times in hopes that it was simply a Subscription Level issue. But now at the highest subscription level I still see the same problem.
This latest video, shows how the sequence works properly at about 12 noon NY time. However, this sequence did not work when tried multiple times around the time of opening bell. But I did not get recordings of that.
I'm becoming convinced that the problem is a data allocation issue. I will make recordings again on Monday around opening bell to prove my thoughts. In the meantime I will share this latest with the TradingView online tech who's been tending to this issue for over a week with me. James B.
THE WEEK AHEAD: ANF, BBY EARNINGS; XOP, EWZ, GDX, SMHIt's a short market week here, but this is what we've got ... .
EARNINGS:
HPE (43/33): Announces Monday after market close.
ANF (85/80): Announces Tuesday before market open.
BBY (70/42): Announces Tuesday before market open.
HPQ (50/36): Announces Tuesday after market close
DE (34/29): Announces Wednesday before market open.
Of these, ANF and BBY appear most appealing from a volatility contract standpoint.
The setup pictured here is an ANF 16 short straddle in the December 20th month, paying 2.87 (.72 at 25% max) versus 15.93 spot (18.0%), with the defined risk 11/16/16/21 iron fly paying 2.60 with a buying power effect of 2.40 (.65 at 25% max).
The BBY December 20th 65/80 short strangle is paying 1.75 (.88 at 50% max), with the correspondent 60/65/80/85 iron condor in the same cycle paying 1.60 (.80 at 50% max).
EXCHANGE-TRADED FUNDS:
TLT (36/12)
SLV (29/20)
GLD (23/11)
USO (21/33)
XLE (19/20)
As with last week, short duration premium selling remains less than ideal here, so either hand sit, keeping powder dry, or look to deploy in longer duration setups. Here's what's on my list for longer duration setups in which at background implied volatility is higher:
XOP: January, where the at-the-money short straddle is paying 2.20 versus 21.05 spot (10.5%)
EWZ: March, where the at-the-money short straddle is paying 5.12 versus 43.16 spot (11.9%)
GDX: March, where the at-the-money short straddle is paying 3.14 versus 26.76 spot (11.7%)
SMH: May, where the at-the-money short straddle is paying 17.95 versus 130.92 spot (13.7%)
BROAD MARKET:
SPY 10/13
IWM (7/16)
QQQ (7/16)
As with the exchange-traded funds, you're looking at either hand sitting on shorter duration setups or going out farther in time to get paid, with the expiries in which the at-the-money short straddle is paying greater than 10% in September for SPY and June for both IWM and QQQ (ugh).
FUTURES:
/6B (67/12)
/NG (41/60)
/6C (30/5)
/SI (29/18)
/GC (23/11)
Cable I get, but what's with the Loonie?
VIX/VIX DERIVATIVES:
With the January, February, and March contracts trading at 16.68, 17.76, and 18.05 respectively as of Friday close, VIX term structure trades in those expiries remain viable. For all other short volatility trades, I'd wait for a VIX pop above 20 to consider starting to add short position, as well as consider taking off some risk if we see another drop back into the 2019 lows at 12. It finished Friday at 12.34 ... .
$ANF Option traders see reversal Abercrombie % Fitch Entry level $17.50 = Target price $21.00 = Stop loss $16.60
Considerable high options call traded signalling a positive move in the weeks to come.
Technically broken out of well defined channel, possible back test before move higher.
P/E ratio 17.20
Yield 4.61% quite rewarding.
Very high short interest @20.58% , short covering could ignite a rally on any positive news.
bullish potential Price is struggling to break a key level and broke out of a consolidation on the upside. two possible scenarios for a long.
Great Buy for ANFAbercrombie & Fitch had a huge sell off after earnings were below average making RSI oversold. Huge potential for recovery especially with plans to sell CBD products at 160 stores. Possible 20% returns short term.
12% stock buyback was very well timed for longs in Abercrombie&FShares of Abercrombie & Fitch Co. ANF, rallied 2.3% in premarket trading Friday, after the apparel retailer announced a new stock repurchase program representing more than 10% of the shares outstanding. The company said it can now buy back up to 7.6 million shares, which at Thursday's closing price of $15.35 would be valued at $116.7 million. Based on about 65.7 million shares outstanding as of June 7, the company could buy back up to 11.6% of the total. "This new share repurchase program reflects our ongoing confidence in our long-term strategy," said Chief Executive Fran Horowitz.
From a technical perspective the chart is starting to show signs of selling exhaustion, and given the high short interest we will keep a close watch on the short covering to begin if the stock can hold above the current level.
AVERAGE ANALYSTS PRICE TARGET $20.69
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 10
SHORT INTEREST 23%
Abercrombie & Fitch Co. engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands. The company was founded by David Abercrombie in 1892 and is headquartered in New Albany, OH.
$ANF REVERSAL OPPORTUNITY AFTER 45% DECLINE IT HAS BEEN A DRASTIC DECLINE FOR NYSE:ANF LOSING 45% IN 1 MONTH, THIS PROVIDES A POSSIBLE OPPORTUNITY FOR A REVERSAL/BOUNCE TRADE FROM EXCEPTIONALLY OVERSOLD TERRITORY.
WE EXPECT SOME MORE DOWNSIDE AND A TEST OF SUPPORT AT $15.80 OR $14.20. SELLING HAS BEGAN TO DECLINE, WITH DECREASING VOLUME AND SOME BOTTOM FEEDERS HAVE STARTED TO NIBBLE ALREADY. THE RETAIL SECTOR IS UNDER FIRE BUT ANY GOOD ECONOMIC NEWS, A RATE CUT OR TRADE SETTLEMENT WITH CHINA SHOULD HELP STABILIZE THE SECTOR WHICH HAS VERY HIGH CHINESE MANUFACTURING EXPOSURE.
