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...
DAILY might hit the trendline resistance broadening top pattern 20 MA trail
$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...
I bought some Nov 16 52.5 calls in the off-chance this starts moving. They cost .02, so seems worth the risk.
- 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
Bullish
$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.
Long AFL as trend POC is about to be at upper trend
$AFL Aflac Ascending Triangle - Bullish Long Term Monitor for break of $46 level Note decent dividend yield
With significant long upper shadows over several sessions. Confirmation from, EMA, RSI and MACD
AFL seems breaking out of a flag formation and closing its all time high. Moneyflow is very strong. We think it has good upside potential. To play this we would consider August $77.50 Calls * Trade Criteria * Date First Found- June 19, 2017 Pattern/Why- Flag formation Momentum Long Entry Target Criteria- August $77.50 Calls @ $2.40 Exit Target Criteria-...