AFL - Long Idea- 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
AFL trade ideas
NFL -Flag formation Momentum Long upto $81, August $77.50 Calls 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- $81
Stop Loss Criteria- $77.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
$AFLAC! | Wolfe Wave Near Completion | Bears Looming AboveHello Traders,
Aflac is nearing a completion of a BEARISH Wolfe Wave. Point 5 has not yet been created and a Potential Target Before Decline has been defined at 82.63. Once that level is achieved expect a bearish force to come into play.
Best,
Chartistry
Earning could bring a final direction: Caution neededThis week one of a few stocks that needs to be watched includes AFLAC. The duck stock has been in a difficult situation all most the entire year though their operations are humming along just fine. The company is hitting its targets and making a steady profit. The strength of the dollar and weakness of the yen is a major problem to the company's large operations in Japan which will reflect in the third quarter earning. Downside risk seems higher than upside risk for a trade before earning. Once the dust settles, it may give a clear trading direction and time to ride the horse to that direction. If you need a real time trade alerts try us www.2waytrading.com
