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Tradingexperts24
Aug 29, 2021 3:37 PM

AFL Blue Sky Breakout Up Through $58 Long

AFLAC IncorporatedNYSE

Description

AFL put in an All Time High (ATH) back in May right under this $58 Level

It came back and retested it in June, yet as we know the retest is often met with sellers trying to get out for breakout or selling because the stock cannot go higher (as they tend to think)

Back in August AFL has worked its way back to this $58 level and has continued to put in higher pivot lows (limiting the risk at each further attempt at the breakout)

We will be looking to start a position in AFL once it trades above $58 at a new all time high

With our stop for now vs $55 a recent pivot low

Comments
kislayraj995
target?
Tradingexperts24
@kislayraj995, we would need to see how far it continues to pull back to give us a proper measured move higher
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