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k314

DJI weekly chart analysis

Dow Jones Industrial Average Index (TVC:DJI)  
k314 Updated   
TVC:DJI   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators djia djianalysis
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trendanalysis chartpattern indicator djia djianalysis
1) Dow Jones Industrial Average is still above its 50 week EMA.
2) It has formed a double top with a bearish divergence on RSI and Stochastic oscillator.
3) An ascending triangle formation is possible is the lower trendline is not violated.
Comment:
Moving towards the asc triangle bottom and 50 wk MA. Need to wait and watch what happens
Comment:
at the support
Comment:
Took support at the triangle bottom
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