Will Travelers Cos Inc. have enough momentum to break support?
Travelers Cos Inc. is heading towards the support line of a Descending Triangle and could reach this point within the next 17 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
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