$ANF #INF getting new is old again , but chart looks great , not like one's woke things ..
They are back with style
ANF trade ideas
ANF Abercrombie & Fitch Options Ahead of EarningsAnalyzing 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 opinion about it.
ANF ready for a big stormTHE 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 bearish.
However, it is above all major MA which is bullish.
RSI has big and nasty bearish negative divergences which indicate a huge drop is incoming. Only only those divergences are smaller it is bigger and bigger because while the price is moving up RSI is moving down, very bearish.
The same situation is with MACD. Very bearish.
Overall: ANF even though it had nice bullish momentum, RSI and MACD are showing us there is no real bull market here on this stock. An imminent drop is very likely and drops out of a rising wedge would trigger a perfect short opportunity. For more educated traders this level could already be a short position with a stop loss of 1/4 of the last candle above the last high.
ANF: Sell After a Retracement -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 RSI is oversold so therefore, we expect a short-term retracement to the $26.00 level to fill the gap. Our area of interest to enter sell positions is $26.00 ~ $30.00 level. From this area, we will observe for a consolidation pattern. After a breakout from the pattern, we will then prepare our sell entries. We do expect at least one more retest of the recent low at $18.00 level.
We only trade with the trend and we don't enter trade to capture the retracement part, meaning we don't try to predict the bottom. If the price made a retracement back to our area of interest, then we will prepare our entries. If the price did not reach, then we will look for other opportunities :)
Check out our ongoing and previous stock trading ideas below :)
$ANF Double tops with bearish flag forming ! $ANF Double tops with bearish flag forming !
- Double tops on the weekly
- Perfect entry on the bear flag
wait for confirmation first, but looks like puts can pay 🔥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! 💘
Mark Minervini's Style Analysisbought 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: $19.64 (6.21%)
TREND must be in order!!
-small one above the bigger one
-EMA200 was up for a month
-price doubled in the last 6 months
-recent correction: 20%
ANF: bearish symetrical triangle3 Months : symetrical triangle => bearish
1 Month : symetriclal triangle => bearish
5 Days : descending triangle => bearish
1 Day : descending triangle => bearish
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I'll wait until consolidation between 31.50 and 32$, 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 analysis could be totally wrong.
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However, some news confirms my bearish sentiment:
7 january 2022 = UBS has reduced it's target to $37 instead of $68, recommendation = neutral instead of buy.
8 january 2022 = SimplyWallStreet: price target decreased to $49 (8 analysts).
SimplyWallStreet: insider trading volume = insiders have only sold shares (no buyings) in the past 3 months ($391k, 10k shares)
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Bear in mind COVID and Omicron as always.
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All that mixed up, I don't like what's happening here (bearish sentiment).
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.
