Hello good day fellow traders!
I'm looking for a potential buyπ setup for $DJIA(.DJI)$ , with both fundamental and technical indicators to back it up.
β
π°Fundamentally,
- The Dow Jones Industrial Average rose on Wednesday following the release of economic data, including another housing report and a Fed manufacturing index.
- Following the opening bell on Wednesday, the Dow Jones Industrial Average gained 0.1%, while the S&P 500 gained 0.15%. In early trading, the Nasdaq composite gained 0.2%.
β
π€On the technical front,
1.) Looking at the H4 chart, my overall bias for DJI is bullish. I am looking for a pullback buy entry at 32490.37, where the 38.2% Fibonacci line is.
2.) My stop loss is set at 31729.63, where the 50% Fibonacci line is.
3.) I intend to take profit at 34106.01, where the previous high / resistance is located.
β
Trade Entry recommendations:
Buy Entry: 32490.37π
Take Profit: 34106.01 π²
Stop Loss: 31729.63β
β
Other tickers to recommend:
For 5x Long Leverage: $DJIA 5xLongSG250911(CUJW.SI)$
For 5x Short Leverage: $DJIA 5xShortSG250911(CVFW.SI)$
Comments