RGA (Reinsurance Group Of America) offers an objective short entry on this break below both the bearish rising wedge + the 131.60 support level. The price targets are T1 at 122.29 & T2 at 111.85 with a potential 3rd target around the 99.50 area, depending on how the charts develop going forward. The suggested stop is any move above 138.00 & the suggested beta-adjustment for this trade is 0.90.
RGA daily Sept 5th