To The Moon

Hello good day fellow traders!

I'm looking for a potential buy📈 setup for $DJIA(.DJI)$ , with both fundamental and technical indicators to back it up.

📰Fundamentally,

• Dow closes 500 points higher thanks to positive earnings and high consumer confidence numbers.
• Following positive earnings reports from two bellwether companies that gave investors hope that corporate earnings might be better than expected despite a potential recession, stocks surged on Wednesday, rising for a second day.
• Sam Stovall, chief investment strategist at CFRA Research, stated that "we got a little oversold and I think the market was looking for a reason to rally, and the Nike and FedEx number provided that." "However, I really wonder if this is something that will last a long time."

🤔On the technical front,

1.) Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. 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.

‌

Trade Entry recommendations:

Buy Entry: 32490.37📈

Take Profit: 34106.01 💲

Stop Loss: 31729.63❌

Other tickers to recommend:

For 5x Long Leverage: $DJIA 5xLongSG250911(CUJW.SI)$ 

For 5x Short Leverage: $DJIA 5xShortSG250911(CVFW.SI)$