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Resilient Insurer Forms High Tight Bull Flag

by | Sep 29, 2024

Aflac (AFL) shares of the insurance stock are coiling in a high tight flag and the group overall has stayed very strong as insurers have some of the cleanest uptrends this year. AFL is nearing a bull MACD cross now with potential to see an explosive move to new highs and would target 113 and 115 on the upside. A slower mover but if the market sees some weakness into early October, it may point to some safety bids in the insurance stocks that have stayed resilient.

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