Aon PLC

AON remains in a Stage 2 advancing regime with strong demand evidenced by the Devil’s Bargain pattern. After a powerful extension, price pulled back into rising EMAs and the 50-day SMA, found support, and has resumed higher. Medium-term bias stays bullish, and short-term timing is favorable, so we Buy Now on shallow pullbacks into the 9/21 EMA and 50-day SMA confluence.

• ↑Revenue rose 8% YoY to $2B in Q1; margins expanded by 70 bp to 39.1%
• ↑Generated $363M in free cash flow, setting up double-digit growth
• ↓Balance sheet quality under pressure with elevated leverage risk