AON - MAY BE NOW? Aon is a professional services firm providing a range of risk, retirement, health solutions insurance and reinsurance brokerage.
Ok, I think the time has come. The price has exceeded 200MA and it's definitely good! I have long been waiting for the opportunity to buy this paper.
It is necessary to take into account the $ 145 level and the upper boundary of the downtrend (pennant, if you want), which are very strong resistance levels.
In general, the paper looks very decent. Just look at this:
P/E 49.26
Forward P/E 15.72
Open 142.19
SL 140.42
TP 149.27
Good luck!
AON
AON - HS formation short from $137.03 to $130 & further down AON seems forming a tall H&S formation. We think it has good downside potentila. We consider our first target at the H&S neckline. However, it can easily go further down.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- $137.03 (hit December 13, 2017)
Exit Target Criteria- 1st Target $132, 2nd Target- Momentum
Stop Loss Criteria- $140.73
Indicator Notes- Twiggs money flow deep in the negative side.
Special Note- Good insider selling
Please check back for Trade updates. (Note: Trade update is little delayed here.)