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ABERCROMBIE & FITCH COAA

ABERCROMBIE & FITCH CO

1,756.26MXND
+71.26+4.23%
Last update at Mar 7, 20:51 GMT
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ANF trade ideas

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.
NShort
by Consistent_Trades
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 $18.00 level. We only trade with the trend and we don't enter trade to capture the retracement part, meaning we don't try to predict the bottom. If the price made a retracement back to our area of interest, then we will prepare our entries. If the price did not reach, then we will look for other opportunities :) Check out our ongoing and previous stock trading ideas below :)
NShort
by NicoBeau_Capital
ANF: bearish symetrical triangle3 Months : symetrical triangle => bearish 1 Month : symetriclal triangle => bearish 5 Days : descending triangle => bearish 1 Day : descending triangle => bearish ----- I'll wait until consolidation between 31.50 and 32$, 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. ----- 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) ----- Bear in mind COVID and Omicron as always. ----- All that mixed up, I don't like what's happening here (bearish sentiment).
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by Avnir
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.
NEducation
by PopEye-Scott
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 ... .
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by NaughtyPines