Lines up with my YM count that a wave 1 of 5 top is next.
TRV is oversold and has a potential 16% gain to a potential -4% loss. risk/reward looks good. Insurance businesses always seem to do well, which makes this a safer play in my opinion. also a good dividend. Claim dividends and hold for a 16% gain? doesnt sound too bad to me.
Recently broke support. Very small wick at the lower shadow. EMA + RSI + MACD all pointing down. If there's no good news from Trump, this could hit $130 in 1-2 days.
Signal for a potential bottom exactly at 0.618 fib
Great bearish Candle indicating sellers being the leaders!
There have been 4 strong tests on the trend line, the first three were over sold, the last one the looks like it's about to break out and is a.) mid BB and b.) right on the MA line. There is also a cross of the 50 and 200 SMA lines, and consolidation has already begun at the trend line. I have added this to my Schwab watch list and will be watching over the next...
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive drive.google.com 4XSetUps for next week - friday close (DOW 30 Index & all shares) Best regards :) Aaron
Travelers Companies Inc (NYSE:TRV) is finally having a corrective move. The stock had an amazing move from $103.50 to $123.00 between November and December 2016. In Travelers' history, this percentage move in such a short time is unparalleled. As impressive a move as that was, the stock is now correcting sharply lower. As the stock collapses, smart investors are...
Price finally broke below the (ii) (iv) trend line offers us a great short opportunity
expecting the price will eventually form an ending diagonal structure