*DJIA* Week 08 – 2021

The weekly candle is an inverted hammer bearish candle and closed lower than last week. The MACD histogram formed the 15th bar above zero (very tiny). Weekly ending at 30914. The market closed below 31000 psychological support.

 





TKM v1.2 had placed 2 Long entries on the 9th February 2021 open price, 31294. CutLoss set at 31000, first Profit Target at 31500. Along week 07, the price has not hit our stop loss at 31000 neither it hit our target for 2 consecutive days. During the market hit slightly above 32000, we have adjusted our Trailing stop the entry price. On 25th February, it was hit our trailing stop and we ended a breakeven trade.

Order status: Long DJIA 31294, Hit Trailing Stop 31294. Break-even.

 

DJIA Weekly Chart (Week 08 – 2021)
DJIA Weekly Chart (Week 08 – 2021)

 

DJIA Daily Chart (Week 08 – 2021)
DJIA Daily Chart (Week 08 – 2021)



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