WLTW breaks below previous session low
Willis Towers Watson (WLTW) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
WLTW finished the week 0.61% higher at 149.73 after losing $1.88 (-1.24%) today. Closing below Thursday's low at 151.18, Willis Towers confirms its breakout through the prior session's low having traded $1.92 below it intraday.
Daily Candlestick Chart (WLTW as at Aug 10, 2018):
Friday's trading range was $1.81 (1.2%), that's slightly below last trading month's daily average range of $2.59. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way above average.
Prices are trading close to a key support level at 148.91. Prices are trading close to the key resistance level at 151.80.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Buying could accelerate should prices move above the nearby swing high at 152.40 where further buy stops might get activated.