Swing Trade opportunity in ANF : LONGRSI bull Divergence and my custom indicator point to a swing trade for Long in ANF I took a long position at 16.85 Stop : 15.84 TP1 : 18 TP2:19.8 TP3 : 22 I had posted a similar trade sometimes back which yielded me close to 20%Longby PerpetualLearnerUpdated 2
ANF - AMBERCROMBIE GOING FOR ONE MORE WAVE UP?ANF has broken daily downtrend (red line) with a bullish divergence and a strong impulse. If the rising trendline holds i'm expecting one more wave up. Are the earnings going to push the market higher on 30 August or are they going to break the rising trendline? Let's see how it develops. Longby cantestogo3
Brace for a big upswing in Abercrombie ANFAbercrombie ANF has been a terrible fall after the earning and still the negative news keeps on coming. However technicals are saying the downturn may be pretty close to be over. Since the recent massive down trend its forming a solid base and the RSI is showing up a healthy bullish divergence just sort of erupting into price action to the upside. Also it has been a strong buy on my own indicator which is pretty accurate. I will expect an 20-30% upswing from here. However before any big move up there could be a still a small leg down. This is a very high probability swing trede. I will buy a 30% of my swing trading investment capital and continue accumulate in 2 more chunks of 30% it if it goes a little down from here or if there is a breakout. I am expecting a breakout to show up in next week or may be next month as the indicators are evolving on a 4hr chart. I will have a 10% risk with a 20-30 % reward for this trade. Best of luck... Longby PerpetualLearner114
ANF - Long (19MAY16)********** Trade Direction: Neutral (hold until for consolidation & RSI drops) Execute Price: $69.68 (look for short term pull back at around $23.50 for entry. Price Target: $25.83 Stop Loss Target: $22.88 (2.93%) Time Frame: 1-2 weeks Cross at the EMA50 could signal a trend reversal upward. however RSI shows the stock could overbought. Wait for further consolidation before decision. **********by The_Wizard_of_OzUpdated 111
We are waiting for next EarningsIf good Earnings, confirming cup with handle. And then go to the credit spreadby Fabius9650
ANF OPTIONS EARNINGS PLAYI found another possible play in addition to COST and that is in ANF, which announces on Tuesday before market open. The current implied volatility rank is 76, and its implied volatility is 97, so it would meet my general high implied volatility/high implied volatility rank standards for a premium selling play. Given the price of the underlying, I would probably go short strangle (you won't get squat if you go iron condor on a sub-$30 underlying, usually): March 11th 24/33 Probability of Profit: 74% Max Profit: $105/contract Buying Power Effect: Undefined ... but I'll probably look at tweaking this on Monday, depending upon what happens with price during the session.by NaughtyPinesUpdated 3
$ANF - Manipulation?After a huge 25% run in 12 days , tomorrow will determine if this stock should go any further. Entry: 28.30 Target 1: 27.00 Target 2: 25.00 S/L: 30.11Shortby estmcmxciv1
Abercrombie & Fitch - Long Prices moving sideway within channel Cup and Handle formation Looking for a quick burst to 52w high Longby ChannibalUpdated 0
Short Term indecisiveStill caught in this high pennant. A break out 27.50 is bullish. Flush of 25 sends this downby tanic_trades0
ANF repeating pattern of touching support and then gap acrossANF has a recent history of bouncing off support and then jumping across to the other side with a big gap. In addition, this stock has formed an inverse Head and Shoulders pattern which has been confirmed by crossing the neckline. The normal target would be around $32, but with horizontal resistance and trend line resistance, I don't think it will make it up that high. My target is $30.98. I recommend buying 1/2 a position now, and saving the other half in case the stock comes back and tests the support line around $23.71. If so, then buy the second 1/2 and wait for the stock to hit the target. My short is placed at $22.48. Good luck!Longby tristan.rhodes110
ANF breakout tradeAnalyst upgrades pushed the underlying up in excess of 3% and the price above the key level of $23. The price sits above the 5/15 and 50 day EMAs and increasing volume over the last 3 sessions is indicative of buying pressure.Longby mikeffi0
ANF Day Trade Retest Gap (Brad Reed Mar5,2015)ANF expected to open at 19.82 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.comShortby Reallifetrading0
Abercrombie & Fitch - Sell OffPlease see details on the chart. Price has been descending for a good few years now and I believe this stock has got a little more price to shave off; prior to earnings report on the 02/25/15.Shortby market0070
ANF - Price hitting top of downward channelANF has been experiencing a significant downward trend since early September. Each time price has hit the top of the downward channel, price has dropped, continuing the downward trend. Price tends to continue in a trend / channel. Pros: 1. Price is in a daily bollinger band squeeze 2. OBV continues on a downward slope (often an indication of the direction of the squeeze) 3. Weekly chart shows daily consolidation as a bear flag 4. Price passed through long term support @29.21 and retraced back. This is in the same area of the downward trend. 5. Overall market is showing a lot of weakness right now which will help put pressure on price. Cons 1. Oscillators showing divergence (MACD& Stochastic) 2. Price has not fallen as fast as it has in the past when top of channel was touched 3. Has fallen $16.56, or 37%, over the last 4 months. Volume has increased recently without significant price spikes. This can indicate institutions are seeing this as a value stock and price has bottomed out. Shortby marketsurvivalist0
ANFANF consolidated and bottomed short term here. inverse H&S and break neckline at 39$ on high vol. retested successfully area and bounce today. targets on chart stop at close below 37.5 GLLongby A_Swissa1