0R32 trade ideas
Abercrombie & Fitch ANF american Stock short opportunitiesAbercrombie & Fitch ANF american Stock short opportunity at weekly supply level. Abercrombie weekly supply level around $27 per share has taken control, the imbalance is very strong with lot of room for price to keep on dropping much lower to lower weekly demand level. There is a great daily supply level around $27 that also gained control. Nothing to stop price from falling at least until $21.50.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.You can use these imbalances to plan your trades in lower timeframes. There are several ways of buying stocks. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads.
Q4 Earnings Beat & Robust Viewdigital business continued to perform well, backed by robust momentum across both brands and geographies. Digital channel sales surged 36% in the fiscal fourth quarter while reaching a milestone of crossing the $1-billion mark in annual sales.
Comps increased 3% in the fiscal fourth quarter on the back of strong cross-channel traffic, owing to the positive outcome of the company’s marketing and loyalty investments.Comps growth was mainly driven by strong performance in the United States.
Gross margin of 59.1% in the fiscal fourth quarter improved 70 basis points (bps) from the prior-year quarter.
finance.yahoo.com
finance.yahoo.com
betting on its remodelled stores and the popularity of its Hollister brand to attract more young shoppers.
stores with a new format are proving to be "highly productive" and the company would continue to invest in them.
The company's Abercrombie brand has been fighting falling sales as young shoppers shunned its trademark logo-emblazoned designs for fast-fashion brands and cheaper clothes online.
Abercrombie is investing in its loyalty program and using social media influencers to promote its new products including its "Fierce" perfume with brand-specific hashtags.
finance.yahoo.com
$ANF$ANF, yeahhh went as low as $9.. should look in history what ER's gave en what their earningswishpers are..
$ANG$ANF yeahhhh abercrombie, went as low as $9 because of less selling, should look what their ER says and how last ER's were
We are now bullish on Abercrombie Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names. As of August 30, 2018, it operated approximately 850 stores in North America, Europe, Asia, and the Middle East. The company sells products through its stores and direct-to-consumer operations; various third-party wholesale, franchise, and licensing arrangements; and e-commerce sites, including abercrombie.com and hollisterco.com. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.
Abercrombie & Fitch Co trade above its Short-Term Down Trend Line at $21.40 and is currently trading at $21.61.
We are now bullish on this stock and will now execute a long term position trading strategy.
We will execute our first block of trade at $21.67 for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range ( 4 x 0.6720=$2.688) below our entry point at $21.67 . This will give us an Exit Price of $18.98 if our bullish analysis is wrong.
This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.
Price Target 1: $25.00
Price Target 2: $28.66
Price Target 3: $31.25
Price Target 4: $37.50
Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.
Gems in a bear market rally: A familiar pattern in ANF!As I try to let my bullish projections play out , I always find it better to trade single stocks as longs rather than simply trade the futures. If you do it right, you should get a higher bang for your buck. Conversely, in bear markets like these, when it's time to go short you need only to trade the indexes.
Highlighted in the chart is yet another inverse head and shoulders pattern -- this time in ANF. If the pattern plays to fruition, we should see it fill the gap at $25.60
Fundamentally, Abercrombie is in the midst of a 4 year turn around story as it tries to save its brand after falling out of style. It failed to rally over the past 10 years like every other stock on the planet, so we won't find it as levered to market price action as other stocks. Additionally, it recently reported its 5th consecutive quarter of same-store-sales growth. Furthermore, retail names have been rallying on the back of a solid holiday season.
I think we can buy ANF on a breakout of the neckline at $21.30 with a target of $25.50 and a stop at $19.
Buy for 2-4 week reboundHitting support.
Not good to buy and hold through long weekends for traders, but this one will probably take more than a few days to reach its next peak. Expecting to hold for a month. If it starts to dip, will either sell and re-buy at the second level of support or just add to position at second support depending on RSI
Know before you go.
$ANF - Weekly cup and handle!Could see this move aggressively toward ~28.70 as PT. Second leg could push to ~31.81. Short float at 17.45% could lead the charge if price can approach first target breakout.
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
