Setting the Stage for Institutional Buying!

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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.

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