Dow analysis for the week starting 29th july 2024.Dow on daily chart looks bearish. Sell on close below 39800.
On one hour chart it is bullish but being resisted at 40750 levels.
for Monday
Buy above 40775 . book profit at 50/100 points depending on your risk reward levels or trail with stop loss.
Sell on close of one hour candle below 40370 .
Ramakrishnan
Usstockmarket
S&P 500 Index at a Crucial ZoneCBOE:SPX is at a very crucial zone. This is the old high and it is very important for this index to close higher if we want to see further momentum in the US markets. US Markets have not been in the strongest of moves recently and hence, it is imperative that some strength is shown here.
YINASDAQ:YI
Very Very RISKY Trade
am expecting this stock to take 3rd support in that trend line
expecting a small up/ small retracement enough for me to close this trade
Disclaimer:
* its only my analysis ,am just back testing my strategy *
* am not any registered advisor/expert *
* its not a buy/sell call*
CSCONASDAQ:CSCO
expecting CSCO to go UP
CSCO in its 3rd resistance level ,i hope this time it will break the Resistance
if it fails to breakout (upside), it will come down to take some support, also it have some more support level at 48-49 USD
purple line
Disclaimer:
* its only my analysis ,am just back testing my strategy *
* am not any registered advisor/expert *
* its not a buy/sell call*
ENPH - US STOCKS NASDAQ:ENPH
* Expecting ENPH to " GO UP "
* my avg entry = 166.92
* my target = all time high
* duration = very LONGTERM
all based upon my own risks.
why i entered:
*it is trading inside a ascending wedge pattern
*it is in support level
*it is taking 200 EMA support in weekly chart as well.
note:
* ENPH does not pay any dividends.
Disclaimer:
* am not any registered advisor/expert *
* its not a buy/sell call*
* its only my analysis ,for Education / Learning purpose only *
NASDAQ - ABC Corrective Phase or D Impulsive Wave Completed ?On Daily Basis:
IXIC ( NASDAQ ) is currently facing a strong resistance at 12600 and also the retracement of the fall which could be D Impulsive wave. 200 DMA is at 13570, another resistance. Level of 12600 is 50% retracement of C Impulsive wave down and currently it has closed just above at 12658. RSI made a double bottom on weekly basis and turned its trend upwards. IXIC is at neutral zone right and there could be a decisive move either side which could be massive. All the major world indices and precious metals have corrected in a similar fashion, and waiting for a decisive move. IXIC breached 50 DMA and any sustainable move above 12600 could indicate a trend reversal, we may witness a bubble rally. It is at a decisive point and difficult to determine a trend. Any major decisive move upward may prove that ABC correction wave of entire Bull run from COVID low in March 2020 has been completed. Secondly, IXIC should fall immediately which should be fast and swift, then we can say that D impulsive wave is over with E impulsive wave in progress for capitulation. Right now view stands neutral.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
LONG CSCO - CMP 58Cisco forms an important and effective part of corporate industry as well as educational industry. World is getting back at its feet, so is their business. Current cyclical change visible on Earnings released with better margins.
Technically, Buy Cisco at CMP - 58 With target of 63/68.
Time frame - 3-4 Weeks.