The chart tells us it is facing a resistance at 306.50 after closing the gap.
It could break out and continue to go higher but the fundamentals are weak so it could possibly fake out a breakout, touch the upper channel (around 325) before plunging down again.
The all time low is at 160.10 last visited on Feb 09. To short, wait for the breakdown of the lower channel (around 269.80 level).
There are better insurance companies that I have covered here.
It could break out and continue to go higher but the fundamentals are weak so it could possibly fake out a breakout, touch the upper channel (around 325) before plunging down again.
The all time low is at 160.10 last visited on Feb 09. To short, wait for the breakdown of the lower channel (around 269.80 level).
There are better insurance companies that I have covered here.
Comment:
resistance has proven to be strong for this counter .