November 24, 2012

DOW Jones Weekend update

 
  • Dow jones Weekly chart shows price moving towards the broken support line of the rising wedge.
  • Weekly chart also shows price taking support at 100 Week SMA and closing the week above 50 Week SMA.
  • Daily chart too closed positively for bulls above 20 and 200 Day SMA.
  • Daily closed into a resistance zone. Up move is likely to continue on trading above 13038 levels.

No comments:

Post a Comment