Company: Assurant Inc. Ticker: AIZ Exchange: NYSE Sector: Financials Introduction: In this analysis, we focus on Assurant Inc. (AIZ) listed on the NYSE, an important player in the financial sector. The daily chart highlights a potential bullish reversal signaled by an Inverted Head and Shoulders pattern that has been forming over the past 39 weeks. Inverted...
Bullish Megaphone structure A channel can be drawn within this that aligns with the upper trend line of the megaphone This allows for a bullish conclusion to be drawn which I have plotted with the bars pattern tool
AIZ has provided a great buying opportunity after the recent pullback. Price got supported and bounced off the 200 SMA and the POC of Volume Profile, and has broken the Bearish Trendline with High Volume. The MACD is also Bullish which indicates that the upswing in AIZ shall continue. I will be targeting the recent highs as take profit. TP2 - $1.740 TP2 -...
AIZ had been dumped hard during the year due to COVID 19, but as it has shown great strength and have pumped up recently, and it is evident that it is struggling to go higher, but is facing resistance at 1.875 9previous resistance level). 1. Clear impulsive move up 2. It has formed a golden cross 3. Impulsive price action with high volume 4. I will be confident...
Travel and hospitality have been hit really hard during covid, and while the situation appears to be stablized in Australia and New Zealand, i believe the risk/reward ratio of some of the travel related stocks are on point get recover reasonably. The two in my spectrum are New Zealand Airline and Webjet. New Zealand Airland - I dont think they will go bankrupt...
- MOVING OUT OF ACCUMULATION - TARGET THE MEDIAN LINE AT 2.055
AIZ follows an uptrending channel, the entry point will be the next bounce on the bottom channel line which also corresponds to a support. TP when hitting the top line which also fits the 103$ resistance. MACD is really bullish and RSI follows an uptrend. Buy-in: 96.2$ SL: 94.25$ (bellow support) TP: 103$
Previously missed the short above but it pullback up to the highs again and i am seeing financial institutions adding to their previous shorts as well as new short sellers are coming in as this is a low risk high reward opportunity that cannot be neglected. Trade Well 2smart2trade.