Figure 1. DJI Chart
Though DJI is currently trending downward. A near term sign of reversal can be seen on the RSI and MACD being already at the oversold area. Momentum downward as indicated by the MACD histogram is slowing down also. For now we can range trade DJI. Just keep watch on either the breaking of the support line or the trendline resistance. This may signal either a continuation downward or a bullish reversal.
No comments:
Post a Comment