Don't Ignore This Chart!

Aflac (AFL) Quacks Out A New High - Members Dashboard Tip


Some commercials are more memorable than others. As soon as we are reminded of the word Aflac, we immediately think of the white duck in a bizarre situation screaming AFLAC ! Without question, the commercials work for brand recognition. However, today the Aflac stock broke out to a new 52-week high from a nice consolidation. 

This chart has lots of similarity to the Japanese Yen chart. I found this article on the company. They insure 1 in 4 Japanese households. So a rising Yen helps Aflac, a falling Yen hurts Aflac.

Now that the Yen is breaking out of a base, it would appear that Aflac is breaking out too.

For our educational segment, check out the new member dashboard on the Member's tab.

It has a very different look and feel. Take a few minutes to try it while it is in beta! I love it, how about you?

Good trading,
Greg Schnell, CMT,MFTA 

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus