AFL is showing a classic Symmetrical Triangle. Don't miss the move.
Consolidation. Can break either way.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Market participants tracking Aflac should note the latest formation. With a last close of $115.47, volatility remains active (-0.66%). Price action has carved out a classic Bullish Flag. Volume is average (0.74x avg) with moderate trend strength (18.4). A potential breakout level is identified at $118.83, targeting $132.34 with support near $114.46 (R:R 3.1).
What is your outlook on AFL?