Technical Weakness Caution: DJIA (Update 21/04/2020)
The DJIA has completed a bearish wedge pattern and has broken below it. The confluence of the bearish wedge and horizontal resistance at ~24000 could potentially form a small SHS pattern. A break below 23000 with volume will confirm the retracement.
We reiterate our stance on stock picking of fundamentally strong stocks with a lockdown theme at the moment.
We are also looking to buy the index on retracement.
Exercise due diligence!
We reiterate our stance on stock picking of fundamentally strong stocks with a lockdown theme at the moment.
We are also looking to buy the index on retracement.
Exercise due diligence!
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.