2014/07/04 Muenchner Rueckversicherungs AG - daily Squeeze & Fibonacci Targets

Muenchner Rueckversicherungs AG

Muenchner Rueckversicherungs AG has a lot of push power from Squeezes in the weekly/daily charts. It just broke above the important 163.5 resistance level with more upside potential. 

Fibonacci support and resistance levels:

Target 1 (30min - 161.8%): 165

Target 2 (daily - 100%): 170

Target 3 (daily - 127.2%): 175

Support Clusters(daily): 

Support 1: 159-156.8

Support 2: 151.8 - 150..9

Support 3: 147.6 - 145.8

2013/10/25 QIHU setup - found support at 85 Fibonacci Cluster, now heading for 100

After a corrective move, QIHU has found support at the Fibonacci Cluster around 85. Now it's heading higher with the master trend  aiming for the 127.2% extension target of 100. The TTM_Squeeze has also fired long and its increasing squeeze-momentum (light blue bars) are supporting the idea of further upside potential. It's all setting up nicely for a good Risk/Reward trade.

Extension target 127.2%: 100
Extension target 161.8%: 104
Support cluster (stop):  84 - 85