The breakout of Travelers Cos Inc. through the 166.81 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Travelers Cos Inc. could test 161.89 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Is the extremely large movement on NKE a sign of things to come?
NKE dropped sharply for day – which is an excessively big movement for this instrument; exceeding the 98%…
MSFT is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
Emerging Falling Wedge pattern in its final wave was identified on the MSFT 1 hour chart. After a…
Will INTC break through the resistance level it tested before?
INTC is about to retest a key horizontal resistance level near 24.5500. It has tested this level 8…