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.
DAILY possible right shoulder forming double top at 95.48 20 MA breakdown initial support at 90.20
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!...
Channel break. Neckline Break, Neckline Retest Short Opts.
Average to long black day, governed by corresponding downward oscillators and sell action; from historic resistance.
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...
Many insurance charts look the same; sell-off being forestalled by on small volume. Filled 90.43.
Short ALL at $80 as it is overbought and will be pulled back soon.
Long from the daily close above the descending trend line. Target 71.
It seems that it's time to show some pain to the breakout buyers... We could test 45... 3,4,5 pattern.