Swiss Re (SREN.vx) bullish scenario:The technical figure Channel Down can be found in the daily chart in the US company Swiss Re (SREN.vx). Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is one of the world's largest reinsurers, as measured by net premiums written. Swiss Re operates through offices in more than 25 countries and was ranked 118th in Forbes Global 2000 leading companies list in 2016.It was also ranked 313th on the Fortune Global 500 in 2015. The Channel Down broke through the resistance line on 24/11/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 60 days towards 85.64 CHF. Your stop-loss order, according to experts, should be placed at 68.16 CHF if you decide to enter this position.
Swiss Re's stock is up by 2.9% over the past three months. Given that the markets usually pay for the long-term financial health of a company, we wonder if the current momentum in the share price will keep up, given that the company's financials don't look very promising.
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