Marsh & McLennan Comp.

Chart Technical Analysis of Marsh & McLennan Comp. Share, based on the daily Chart.
Over the medium term, the shares of MMC are in an intact downtrend (figure 1, shown in red).The last downward movement has now almost fully corrected. The correction in the subordinate time frame, on a smaller trend size trend, has established a clear upward trend.

Since the value is showing the first signs of weakness we will wait for a trend reversal, or a clear counter signal in the short direction. This could then be traded. The medium-term target is at $ 53.50.
The drawn trend line in figure 1 that has been breached is now acting as support and should definitely be considered, since we can expect a smaller recovery there.

Alternatively, the short scenario would be broken if the price should rise above the $ 57.50 level and therefore establish an upward trend. Then we could be on the look out for long entrances.

 

figure 1

figure 1

 

 

 

 

Disclaimer: Disclosure according to § 34b WpHG due to potential conflicts of interest:
The author is invested in the relevant securities or underlying securities at the time of publication of this Analysis.