Abercrombie and Fitch (ANF) has been recovering since late August, but is now facing critical resistance as we can see on the daily chart.Abercrombie and Fitch (ANF) Daily Chart(click to enlarge)Support/Resistance Pivot:- Although ANF has made a significant recovery since cracking 9 (50%+ recovery), it is NOT bullish.- From a fundamental standpoint, I think the best case is a sideways market right now, which means we should respect this resistance between roughly 13.80 and 14.55. We can allow some elbow space to 15.00. - Also note the RSI is at an overbought level (70+). This means something when the prevailing trend is bearish-neutral. Downside:- A conservative bearish outlook could be 12, around the 200- and 100-day simple moving averages and a previous support pivot in May and June.- Below that, there is another support resistance pivot around 10.55. - I think there is a good chance for a bearish swing, but if we believe ANF has stabilized, we can cap the bearish outlook to 10.55 instead of the low on the year around 9.Upside:- If price 1) breaks above 15 and 2) can hold above 12, there is a chance for further bullish correction.- The next key levels will be around 16-17.