Marsh & McLennan (MMC)
‘Tis the holiday season!
And what’s a better holiday gift than a winning trade?
We’re “insuring” today’s Chart of the Week with Marsh McLennan (MMC), a reinsurance brokerage that’s looking pretttttty festive for the holiday season.
This has “winner” written all over it.
It’s an absolutely gorgeous uptrend with a former resistance turning into support.
So long as we are above 170, we are long with a target of 230.
Below 170, we’re just watching.
But once it breaks that level, we’re riding MMC for 60 point gain.
Til next week, good trading,
JC Parets
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