AFL put in an All Time High (ATH) back in May right under this $58 Level
It came back and retested it in June, yet as we know the retest is often met with sellers trying to get out for breakout or selling because the stock cannot go higher (as they tend to think)
Back in August AFL has worked its way back to this $58 level and has continued to put in higher pivot lows (limiting the risk at each further attempt at the breakout)
We will be looking to start a position in AFL once it trades above $58 at a new all time high
With our stop for now vs $55 a recent pivot low
It came back and retested it in June, yet as we know the retest is often met with sellers trying to get out for breakout or selling because the stock cannot go higher (as they tend to think)
Back in August AFL has worked its way back to this $58 level and has continued to put in higher pivot lows (limiting the risk at each further attempt at the breakout)
We will be looking to start a position in AFL once it trades above $58 at a new all time high
With our stop for now vs $55 a recent pivot low