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Potential Harmonic CD Leg to complete the Bearish Cypher Pattern
Fundamentals
The MMI has for the first time in almost 10 year period or since the merger between Momentum and Metropolitan, increased their premium rates in their Health division by an average of 10% which will help boost revenue should they maintain retention of existing client base and continue their growing health insurance new business.
Technicals
The instrument made a HIGH @ 34.35 in April 2015, the highest level to-date and in December same year fell to a LOW @ 18.99 which initiated the potential Harmonic Cypher Pattern projection.
The MMI has for the first time in almost 10 year period or since the merger between Momentum and Metropolitan, increased their premium rates in their Health division by an average of 10% which will help boost revenue should they maintain retention of existing client base and continue their growing health insurance new business.
Technicals
The instrument made a HIGH @ 34.35 in April 2015, the highest level to-date and in December same year fell to a LOW @ 18.99 which initiated the potential Harmonic Cypher Pattern projection.
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