Markel Corp Stock Code MKL.NYS
Outlook
Price broke below the cloud in the previous trading session and this could be the start of a bearish price trend towards $1078.20. Conversion and Base lines had a bearish crossover earlier, hinting of bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD has turned bearish after giving a bearish divergence warning earlier of a potential price high in the making. We think price is likely to move lower to the previous price support at $1074.20 in the next 2-3 weeks.
Strategy
$1155.00 Sell
$1075.00 Price Target
$1195.00 Risk Management Stop
3 weeks Trade Duration
