*DJIA* Week 42 – 2022

The weekly candle is a big bullish candle. Trend is changing to bullish because the price closed above 31000. The MACD histogram formed the 5th bar BELOW zero. Weekly ending at 31152.5. The market closed above 31000, bearish trend is maybe coming to an end, a new bull might be coming.

 





MA9 crossed up MA16 on 18th October 2022, the signal confirm on 19th October 2022, hence TKM v1.2 has place 4 Long entries at the Open price, 30692, CutLoss 29600, first Profit Target 31600. Since the market has move higher, we have more out trailing stop to 30700.

The order is still valid and holding.

Order status: Long US30 30692, Trailing Stop 30700.

 

DJIA Weekly Chart (Week 42 – 2022)
DJIA Weekly Chart (Week 42 – 2022)

 

DJIA Daily Chart (Week 42 – 2022)
DJIA Daily Chart (Week 42 – 2022)



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.