*DJIA* Week 48 – 2020

The weekly candle is a bull candle. The MACD histogram formed the 3rd bar above zero. Weekly ending at 29892.5. The market stays above the 29000 psychological support. The bull has broken the all-time high of 30000, perhaps, it will pullback for a rest before going higher.

 





MA9 crosses up MA16 is on 9th November 2020. The Long signal is confirmed and we had placed 2 Long entries on DJIA at the open price of 10th November 2020, which is 29029. The market move higher this and end on a high note too. Our Long entries are still holding but we have set our trailing stop at 29030 in other to protect the modal for risk management. This order is still holding and active.

Order status: Long DJIA at 29029, CutLoss 28500, Trailing Stop 29030, Profit Target 31000.

 

DJIA Weekly Chart (Week 48 – 2020)
DJIA Weekly Chart (Week 48 – 2020)

 

DJIA Daily Chart (Week 48 – 2020)
DJIA Daily Chart (Week 48 – 2020)



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