Chart Scan – Jun 14, 2022

Chart Alert – Jun 14, 2022

ANF – Abercrombie & Fitch Co.

Ambercrombie has come under fire lately, clearly seen on the sharp drop in the chart at the end of last month.

That fall has set up a bottom bounce chart, MACD is lowest level in 12 months, and just did a bullish cross over with its signal line, the Histogram is at the 0 line which means its trending up and the RSI is still OVERSOLD. a pre bullish formation.

Accumulation/Distrabution is at low levels but if you notice its been very volatile, so I would not call this a long term play, maybe 10 to 15% swing trade. IMO.

GAINS PER DAY SINCE ALERT PRICE
Alerted on 06/14/22
@ 19.28
Day 1
3.11%
Day 2
0.83%
Day 3
-1.04%
Day 4
-1.04%
Day 5
3.06%
Day 6
1.76%
Day 7
-0.78%
Day 8
2.85%
Day 9
2.23%
Day 10
-0.26%
Day 11
-4.10%
Day 12
-9.26%

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