AFL) Rally Persists, Will Bulls Attain $100?
The post AFL) Rally Persists, Will Bulls Attain $100? appeared on BitcoinEthereumNews.com. Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) AFLAC Inc. (NYSE: AFL) AFL stock was in an uptrend and showed a vertical rally after breaking out of the symmetrical triangle pattern above $65 in the past session. Moreover, the price action shows that AFL stock has gained pace and is looking aggressive on the charts. Recently, broking firms and analysts have increased the target price and given a positive view with a growth outlook. UBS has increased the target price from $70 to $80, and maintains a ‘hold’ rating, where Raymond James had maintained the target price at $83, with an outperform rating. Besides that, AFL stock chart shows that buyers have persisted in accumulating the stock and continued to extend the rally inside the rising parallel channel, forming the higher highs. AFLAC stock price is above the significant moving averages and is trading close to the upper bollinger band highlighting the bullishness on the charts. Moreover, the price action is favoring the bulls and suggests that follow on buying will continue and AFL stock will reach $100 in the upcoming sessions. As per the options chain, at the strike price of $80, a massive open interest of 514 hundred shares on the call side shows a strong resistance barrier, whereas short sellers looked trapped. Also a short covering move was witnessed in the past sessions. At press time, AFL stock price was $80.25 with an intraday…
The post AFL) Rally Persists, Will Bulls Attain $100? appeared on BitcoinEthereumNews.com.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) AFLAC Inc. (NYSE: AFL) AFL stock was in an uptrend and showed a vertical rally after breaking out of the symmetrical triangle pattern above $65 in the past session. Moreover, the price action shows that AFL stock has gained pace and is looking aggressive on the charts. Recently, broking firms and analysts have increased the target price and given a positive view with a growth outlook. UBS has increased the target price from $70 to $80, and maintains a ‘hold’ rating, where Raymond James had maintained the target price at $83, with an outperform rating. Besides that, AFL stock chart shows that buyers have persisted in accumulating the stock and continued to extend the rally inside the rising parallel channel, forming the higher highs. AFLAC stock price is above the significant moving averages and is trading close to the upper bollinger band highlighting the bullishness on the charts. Moreover, the price action is favoring the bulls and suggests that follow on buying will continue and AFL stock will reach $100 in the upcoming sessions. As per the options chain, at the strike price of $80, a massive open interest of 514 hundred shares on the call side shows a strong resistance barrier, whereas short sellers looked trapped. Also a short covering move was witnessed in the past sessions. At press time, AFL stock price was $80.25 with an intraday…
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