Last week, we noted that Abercrombie & Fitch $ANF was testing a key support just above $15.00 a share. Indeed, price held above the support and came up to the $17 area earlier this week. Abercrombie and Fitch (ANF) Testing Critical Support Around $15.00Then after the 11/28 session close, ANF released Q3 earnings, which beat estimates.Abercrombie & Fitch (NYSE: ANF) reported Q3 EPS of $0.33, $0.13 better than the analyst estimate of $0.20. Revenue for the quarter came in at $861 million versus the consensus estimate of $852.97 million. Fran Horowitz, Chief Executive Officer, said, "We are pleased with our third quarter performance, our fifth consecutive quarter of positive comparable sales, with growth across both of our brands. We delivered 3% comparable sales growth on top of 4% last year, with continued gross profit rate stabilization. Our strong U.S omnichannel business, and 16% global digital sales growth, confirm that our playbooks are working. As expected, we had a solid start to the holiday season, demonstrating the effectiveness of our continued focus on the customer. We are well-positioned to deliver top-line growth, gross profit rate expansion and operating expense leverage for the full year."(Streetinsider.com)ANF started the next session (11/29) with a gap that opened price just under $22. ANF Daily ChartANF Daily Chart 11/29/2018(click to enlarge)Key Resistance:- This is a case where I would not chase. - General market sentiment is tentative so there is a lot of market risk. - Secondly, price is already at the resistance we anticipated last time ($21.40-$22).- We anticipated resistance here because it is the bottom of the previous price top, and the middle of the moving average cluster.- A hold below $22 still makes ANF bearish, although maybe it has turned sideways and won't have much downside neither at this point, unless we head into a recession.- Perhaps ANF has turned from bearish to neutral, but general market risk makes it somewhere in the middle: bearish-neutral.- My anticipation is thus a market that will be choppy, sideways, with a slight bearish drift but with the next support in the $14-$15 area.