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Abercrombie (ANF) Inverted Head-and-Shoulders Setting Up

Abercrombie (ANF) Inverted Head-and-Shoulders Setting Up

by | Oct 26, 2021 | Chart SetUps

Abercrombie & Fitch (ANF) working above monthly value high on Monday and starting to clear a bull wedge with room above $41 to run back to 52-week highs. Shares are forming an inverted head-and-shoulders pattern as well around the 38.2% Fibonacci retracement of the rally. ANF is hitting the ‘ready to run’ scan today with MACD nearing a bull cross and RSI reset but crossing back above 50 in a sign of strength.