Travelers Cos Inc. has broken through a support line of a Rising Wedge and suggests a possible movement to 141.97 within the next 9 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.
Related Posts
PFE formed a Rising Wedge on the 15 Minutes chart. Retest of resistance in sight.
A Rising Wedge pattern was identified on PFE at 25.2, creating an expectation that it may move to…
MSFT is quickly approaching a very important level it has previously tested numerous times in the past
MSFT is en route to a very important line that will be a definite deciding factor of what…
XOM – approaching a resistance line that has been previously tested at least twice in the past
The movement of XOM towards the resistance line of a Falling Wedge is yet another test of the…