Regardless of negative analyst opinions, ANF is showing one of pattern in technical analysis. After a Continuous decline from top in 2011, the stock pause for a while here. The consolidation zone within 19$ to 23..$ is considered a potential shifting the trend. As trader I prefer to buy some of shares when price breakout above price area between 23$-23.6$ with high volume and the possible target is the distance between support and resistance which is 4$ for conservative trader. Remember the best trades those which are psychologically and emotionally controlled.
Weekly chart depicts the super-downward channel
Daily chart shows the consolidation area between support and resistance. Hopefully to breakout with high volume.
Update: 26/6/2015
ANF is trading near the resistance at 23.5$ (see how round number is important) and it is starting to bring attentions as long as it approaches slowly to this area. I will play man to man (football tactic which mean watching it closely) with this stock for a possible trade.
update: 20/8/2015
the stock broke the support and it leave watch list.
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