We can observe a clear trend following approach in Apple. The stock is in strong uptrend and has been seeing a bullish run since past many months. We recommend a strong buy at current levels with a stoploss at 270-275 levels.
Netflix is in a buy zone with the stock crossing the 200 DMA in the last week. The stock has taken support at 50 DMA twice in the brief upside movement that the stock has been doing from past few weeks. We recommend a strong buy at the current levels @ 339.20 and Targets at 384.60 ( Strong Resistance ) with a stoploss at 320 levels.
DJIA has completed it's Sell- Setup and broken it's 1-3 Trendline on 9th March 2017.
The 2-4 Wave forms a narrow pattern meets the 1-3 wave, further strengthening the sell structure.
According to the Sell-Setup, market can come down to 20200 levels in coming weeks. Traders can put a protective stoploss at 21200.
