Abercrombie & Fitch Fierce has experienced a sharp downtrend for the past year, characterized by A-B-C impulsive corrective waves.
For sustained upward movement, I want to see the price close above the DSMA200 level—currently around $105—for at least 2–3 days.
The company’s fair value is estimated at approximately $130, closely aligning with the wave 1 161.8% Fibonacci extension at $138.
Institutional investors are likely to favor this new trend once confirmation is achieved.
My overall bias is bullish, contingent on price confirmation above DSMA200.
For sustained upward movement, I want to see the price close above the DSMA200 level—currently around $105—for at least 2–3 days.
The company’s fair value is estimated at approximately $130, closely aligning with the wave 1 161.8% Fibonacci extension at $138.
Institutional investors are likely to favor this new trend once confirmation is achieved.
My overall bias is bullish, contingent on price confirmation above DSMA200.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.