Medium term view - MUENCHNER RUECK : The major support is close.
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at €171.20. It can resume at anytime towards the target at €205.78.Arguments :
- The major support is close.
- The moving average is supporting prices.
- Prices are pulling back to the rectangle, they will resume their rally afterwards.
Muenchener Rueckversicherungs-Gesellschaft is engaged in reinsurance, primary insurance and asset management. Co.'s international life business is written in the Life Division. The Global Clients and North America division manages accounts with international insurance groups. The Europe and Latin America division manages property-casualty business in Europe, Latin America and the Caribbean. The Germany, Asia Pacific and Africa division conducts property-casualty business in Germany, Africa, Asia, Australia and the Pacific Islands. The Special and Financial Risks division manages the classes of credit, aviation and space, agriculture, enterprise and contingency risks.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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