AFL provided at least one good risk-reward opportunity today, offering a potential gain of 1.5% in two hours.
The opportunity involved buying when a large candle appeared at the same time as new intraday highs (we saw the alert in Trade Ideas software). Buying at the indicated point could have resulted in a potential intraday gain of at least 1.5% in two hours. The ideal stop loss would have been 0.30%, close to the lows of the big candle.
How was it possible to be alert if AFL would have an easy-to-trade movement today? AFL is a financial stock that has been shaken in recent days by banking related news, which can generate many moves both up and down. These types of stocks can be very volatile during such times, so the risks must be taken into account.
