*DJIA* Week 27 – 2020

The weekly candle is a slightly bullish candle. The MACD histogram formed the 6th bar above zero. Weekly ending at 25627.5. The market had rebound from low this week. It might retest 24500 support or the resistance of 26500 next week

MA 9 crossed down to MA16, the signal confirmation come at 29th June 2020. TKM v1.2 had placed an order on 30th June 2020 open price 25479, CutLoss at 26500 and Profit Target 24500. The CutLoss point is set higher (second resistance) because the first resistance 25600 is too near with our entry, hence, it is better to take the next resistance.





Order status: Short DJIA at 25479, CutLoss 26500, Profit Target 24500.

 

DJIA Weekly Chart – Week 27 – 2020
DJIA Weekly Chart – Week 27 – 2020

 

DJIA Daily Chart – Week 27 – 2020
DJIA Daily Chart – Week 27 – 2020



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