22.09.2014 - Third Point Reinsurance can change the trend to positive
Stock price of Third Point Reinsurance has broken through the inclined resistance level and now is consolidating around the level of 15.50. Confirmation of the signal of a trend change and the signal to buy shares will become fixing of quotations above the nearest local maximum at about 16.10. Fall is limited by level 14,50. We expect continued downward movement, but in case of confirmation of a buy signal, we recommend to open long positions with the targets of 17,00 and 18,70.