DOW JONES --- channel charting may reverse IF cant reach 23700
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DOW JONES --- channel charting may reverse IF cant reach 23700. ---pivotal moment coming up... here. possibly.
My opinion of what I see in the charting.... There could be major reversal coming up if the DOW cannot reach an area of 23700... we ar e getting close... near the top of the channel where resistance will be. If it breaks that 23700 mark it could go higher.. If it cannot and thee is resistance, it MAY reverse and feel the bears taking over and pull it downward .... to the support levels circle near 21700 range as a SUPPORT again...at least. (bottom of channel) -- but it could always break and go lower if bears end up being to strong.
It is just what the charting indicated -- but anything could happen in these times!
This is just showing where support and reisatnce may be felt.
Good luck. be safe,
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
My opinion of what I see in the charting.... There could be major reversal coming up if the DOW cannot reach an area of 23700... we ar e getting close... near the top of the channel where resistance will be. If it breaks that 23700 mark it could go higher.. If it cannot and thee is resistance, it MAY reverse and feel the bears taking over and pull it downward .... to the support levels circle near 21700 range as a SUPPORT again...at least. (bottom of channel) -- but it could always break and go lower if bears end up being to strong.
It is just what the charting indicated -- but anything could happen in these times!
This is just showing where support and reisatnce may be felt.
Good luck. be safe,
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
Nota
ALSO, it could ride along the TOP of the channel as well near 24000 area... for a while... before reversing course. Resistance will be met there too. Depends on news and bullish push....if still strong... or bears come in.Trade chiuso: obiettivo raggiunto
*************UPDATE************TOP OF THE CHANNEL IS NOW REACHED!!!! - at 23999 --- at 11am.
This is the critical mooment before easter weekend. It i basically at the top of the channel now --- where resistance will occur.
Will it BUST upward and through this point??? --- or turn back down the channel with the resistance that is met now.
It is Easter weekend.
Not sure If I would hold too many shares into the long weekend. It will NEED a lot of positive news to BUST upward and through...
Your guess is as good as mine at this critical point.
But it has reached the top of the channel for now...
IMO.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
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