Abercrombie and Fitch has been defying market pressure in building a price bottom to start the year. Although there was a period of consolidation during the overall market correction in January and February, the weekly chart shows that it entered the March month with a strong bullish push. ANF Weekly Chart (click to enlarge)As we can see price has broke a falling trendline that came down from the highs in 2011. The RSI tagging 70 shows bullish momentum. Don't worry about the fact that it means overbought condition because if the market is indeed turning bullish, it can stay above 70 for quite some time. I think this breakout opens up the 40-45 area, back to the 2014-highs. In the short-term, we might see resistance in the 34.35-36 area, which is where the 200-week SMA resides, and is loosely a support/resistance pivot area as well. If there is a pullback, we should expect support around 27-28. If buyers do keep ANF above 27-28, we should gain confidence for the bullish outlook.