*DJIA* Week 50 – 2020

The weekly candle is a bull candle. The MACD histogram formed the 45th bar above zero. Weekly ending at 30035. The market stays above the 30000 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. We had placed 2 Long entries on DJIA at the open price of 10th November 2020, which is 29029. The market moves higher but almost hit our trailing stop during the last trading day of the week. Our Long entries are still holding but we have set our trailing stop at 29700 in order to protect the modal for risk management. This order is still holding and active.

Order status: Long DJIA at 29029, CutLoss 28500, Trailing Stop 29700, Profit Target 31000.

 

DJIA Weekly Chart (Week 50 – 2020)
DJIA Weekly Chart (Week 50 – 2020)

 

DJIA Daily Chart (Week 50 – 2020)
DJIA Daily Chart (Week 50 – 2020)



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