ANF: ⬆️ Buy
– ANF broke resistance area
– Likely to rise to resistance level 165.00
Abercrombie & Fitch recently rose sharply breaking the resistance area between the key resistance level 130.00 (former mulita-month high from June) and the resistance trendline of the daily up channel from May.
The breakout of this resistance area accelerated the active intermediate impulse wave (3).
Given the clear daily downtrend, Abercrombie & Fitch can be expected to rise further to the next resistance level 165.00 – target for the completion of wave 5.