I was a buyer of ANF earlier in the year. My mistake was to hold on to it when it was consolidating around 31.50. It came crashing with rest of the apparel retail industry in the last couple of months. I got out at 24, which was about a 10% loss after an entry around 26.50. A couple of weeks ago, I talked about jumping ship because 1) macro reasons 2) technical breakdown of a rising trendline. I am glad I listened to my own advice this time. ANF 4H Chart 5/30(click to enlarge) Note the breakout and a subsequent rebound from around 23 back to a little above 25.00. This failed rally showed that the breakout was for real. The market seemed to confirm as well because after the rejection at 25, price plummeted towards 20, which I noted as a target in the previous update. I would expect some "stickiness" here around 20, a psychological level, and also a common price since March 2015 (more so after September 2015 as we can see in the daily chart below). ANF Daily Chart 5/30(click to enlarge)