AFL is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Traders are watching Aflac (AFL) as price action tightens. Price has moved to $110.48 (0.77%) amidst recent volatility. Algorithmically, a Bearish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $105.76, targeting $92.83 with support near $110.54 (R:R 2.71).
What is your outlook on AFL?