Nov. 13 at 1:12 AM
$AFL is currently trading at
$113.94, above its 30-day moving average (MA30) of
$109.85 and 50-day moving average (MA50) of
$109.31, indicating a bullish trend. However, the RSI of 74.19 suggests that the stock is overbought, which may lead to a price correction. The recent 60-day high of
$115.08 presents a potential resistance level, while the 60-day low of
$104.66 provides support.
Given the current market context, a cautious bullish bias is recommended. Suggested entry could be around
$112.50, with a stop loss set at
$111.00 to manage risk. Target 1 could be set at
$115.00, near the 60-day high, while Target 2 could be at
$116.00 for a more aggressive approach.
Monitor for any signs of weakness as the stock approaches resistance levels. Adjust positions accordingly to maintain a favorable risk-reward ratio.
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