Nov. 13 at 3:09 AM
$ANF is currently trading at
$69.69, within a 60-day range of
$66.54 to
$100.61. The RSI at 53.51 indicates neutral momentum, suggesting neither overbought nor oversold conditions. The price is below both the 30-day MA of 73.1 and the 50-day MA of 79.83, indicating a bearish trend in the short to medium term.
Given this context, the directional bias leans bearish as the price struggles below key moving averages. A suggested entry point would be around
$68.50, just below the recent close, to capitalize on potential further downside. Set a stop loss at
$71.00 to manage risk against a reversal.
Targets can be set at
$66.54 (the 60D low) for a conservative approach, and a second target at
$64.00 for a more aggressive strategy, aligning with the bearish outlook.
Overall, the trade plan suggests a cautious bearish stance with defined entry, stop, and targets based on current metrics.
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