Marsh & McLennan (MMC) - Trade Stocks

Marsh & McLennan (MMC)

By Fri, Dec 17, 2021

‘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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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.