CINF is looking to test resistance.
Hello,
What is CINF?
Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S
Latest News
My thoughts,
The weekly chart tells me that we had hit bottom and are now looking to test resistance. Keep in mind this is an ABC correction that is bearish. If the price manages to surpass the 1.618 fib level, then We will be looking for a double top formation which is again bearish.
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
What is CINF?
Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S
Latest News
My thoughts,
The weekly chart tells me that we had hit bottom and are now looking to test resistance. Keep in mind this is an ABC correction that is bearish. If the price manages to surpass the 1.618 fib level, then We will be looking for a double top formation which is again bearish.
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
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