Coming back from oversold levels after the most recent market wide correction. Money flow trending up. I've set a stop near the bottom support level and a limit at the most recent high for a R:R of 2:1. Good luck!
Back from Hols - Back to Trading - Back to Profit..!!!
Weekly (W) Chart, Post Earnings showing good Pullback towards Mid BB%.
W RSI is <10.
Looking for S/R around the 52 level.
Looking for Reversal to mean back higher.
Aiming for 52.50 /50 Put Credit Spread with 55 Calls for directional Bias higher.
Exp SEPT - As this is weekly Chart, looking to leave time to...
$AFL Aflac Double Top - rejected at $48 resistance. See chart for near and medium term targets. Short term bear case assumes earnings results announced next week are less than great.
Note: Informational analysis, not investment advice.
This just popped up on our scan.
AFLAC is a SOLID Company with Fabulous Numbers.
The stock is bouncing off its low of $41.41 and moving up nicely.
Weekly Chart looks AMAZING AND EXTREMELY BULLISH
STOCHASTIC is in an uptrend - BULLISH
RSI is BULLISH getting ready to cross the center line to the sky
MACD is BULLISH getting ready to reverse from a downward...
- AFL consolidating nicely within an elevated range
- Strong Q2 results and raised guidance
- Large volume call spread with 17.8K $37.5 Puts sold against 18K $50 calls
One of the best Lane Divergences I trade, Slow moving stock but a perfect divergence.
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$AFL has been running a narrow $4 range all year long. Earnings are coming up in just under 2 months time. I anticipate it to go up and break out over $46 soon.
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company's insurance business consists of two segments: Aflac Japan and Aflac U.S. The Company designs the United States insurance products to provide supplemental coverage for people having medical or primary insurance coverage. Aflac U.S. offers accident coverage on both an individual and group basis. The Company offers cancer plans, critical illness plans, and critical care and recovery plans. The Company designs the United States insurance products to provide supplemental coverage for people having medical or primary insurance coverage. Aflac U.S. offers accident coverage on both an individual and group basis. The Company offers cancer plans, critical illness plans, and critical care and recovery plans.
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AFL
