The breakout of Travelers Cos Inc. through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we expect the price of Travelers Cos Inc. to test 148.64 within the next 6 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, Travelers Cos Inc. has finally broken through. Can we expect a bearish trend to follow?
