DOW JONES - Potential ideas - bouncing above 200 MA
DOW JONES - Potential ideas - bouncing above 200 MA as we see the 50 MA bouncing above the line. It ma go down to the lower end of the channel --- so far it is hitting the resistance points on the upper parts of the channel as I had mentioned last week --- there will be that resistance to break through it .... on the upside..IF its wants to continue being bullish eventually ----
contrary to that there will be support on the lower end of the channel lower end of 23000 or upper 22000 range --- as support...BUT anything can happen (news can sway investors and freak out the markets always ---- during these times).....
I am just indicating where these resistances and supports MAY OCCUR...
STOCKS typically follow the market trend alot of times too.
IMO.
stay safe. put in stop losses.
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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.
contrary to that there will be support on the lower end of the channel lower end of 23000 or upper 22000 range --- as support...BUT anything can happen (news can sway investors and freak out the markets always ---- during these times).....
I am just indicating where these resistances and supports MAY OCCUR...
STOCKS typically follow the market trend alot of times too.
IMO.
stay safe. put in stop losses.
___________________________________
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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