Last days it is moving without stopping, on previous days a few FB was made, but the price closed under the lvl, now it is forming false breakout with 2 bars, if on 12.11 will open above and close under the lvl, then i will short it.
Maybe this is just a moral decision and not so smart but I live in Florida where hurricanes are very usual, bet against insurance companies who could save your house or car is quite stupid as to bite the hand that feeds you.
This is not an idea nor a call. Just simply don't do it.
Learn how to beat the market as Professional Trader with an ex-insider!...
Looking at a buy order on Allstate above the high of todays close.
Price has formed an outside day bar, RSI and STOCH showing oversold signal and the market is in a strong uptrend. Price could retest 94-95 but I feel it is unlikely based on the PA. Volume is around average at just under 2 million shares traded. Price is hugging the 50ma so hopefully we will see...
