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Abercrombie & Fitch Company
Updated

ANF eyes on $145 : about to Break Out from Major Resistance?

380
Followup to my previous Swing Trade plot (click).

ANF peaked exactly at our Genesis fib at $196.93
The pullback has been strong but controlled so far.
Now trying to paint a bottom if breaks resistance.

Previous Analysis:
ANF retrace from ATH: eyes on $104 then 92 ideal retrace Target


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Trade active
BOOM !
snapshot
Perfect dip and break from our zone.
(yellow shaded area is after posting time).

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Zoom IN (m15)
snapshot
Blew past the "1st Hurdle", but expect retest at $152.83
IF we get retest of dashed fib, we will get more clues.
If we DONT get a retest then bulls are very strong.

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Trade active
KABOOM! 13% pop
snapshot
(yellow shaded part is from posting time).

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Zoom IN (m15)
snapshot
Our "1st hurdle" may need retesting at $152.82.
So that would be a good spot for Stops below.
Ideally we would bounce before the dashed fib.

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