– Abercrombie & Fitch Co reversed from resistance level 140.00
– Likely to fall to support level 115.00
Abercrombie & Fitch Co recently reversed down with two daily Dojis from the pivotal resistance level 140.00, which stopped the previous impulse wave 1 in March.
The resistance level 140.00 was strengthened by the upper daily Bollinger Band.
Given the strength of the resistance level 140.00, Abercrombie & Fitch Co can be expected to fall further to the next support level 115.00 (which stopped the previous corrective wave 2).
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