Need to know advice for all new traders in the stock market.
Travelers Company shares once again came to the level of resistance, which is also the maximum value of the company. The graph shows that the price as a ruler without false breakdowns, once again rests on this level. If the price will be able to overcome this level on the stock exchanges of the stock market, than for sure it will rise up. Do you remember that the company is a leading supplier of I S casualty insurance for cars, homes and businesses. It is part of the index Dow Jones Industrial Average, has about 30,000 employees and generates income to its investors in the amount of about 27 billion dollars a year. Given that the US indices are now on the rise, many investors use this situation for competent investment of its assets. Global economic worries led investors to flee to safe havens with high capitalization. Major hedge funds have in their investment portfolio shares of Travelers. This is a good sign for the stock market traders who make money on the purchase and sale of assets. Therefore, if this level will be broken open a long position with a target of 300 points.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: Day
• The trade recommendation: Buy
• The level of entry into long position: 119.40
• The level of profit and close the position: 122.40 (300 pips)
Possible bullish movement in the breakout of the resistance level 1150.00
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2570
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 1.0080
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 114.80
Crypto Bonus of up to 25% when depositing funds by cryptocurrency. You can get from 5 up to 30,000 USD for trading.