Price movement. Green zones are potential buy zones and lets see if the stock respects and reacts to those levels. If it breaks and goes back to 1200 level then buy for long term..
Price is currently at 2204, Expecting it to hit 2100 and move a bit up and go down to 2000 and below till 1850.
Expecting the stock to oscillate between 2500 to 3700
I expect some feedback for this predictions. Though there are stimulus packages from central banks and governments, I don't expect market to touch the highs of 2020. Unknown news and unemployment rate with weak economy data and results may drag the market down below 8000 again.
Dow Jones is currently at almost near turning point. All the positive news regarding stimulus and vaccine developments are factored in. Now if we get very positive news, index may start behaving opposite as we are near resistance. Targeted time frame to achieve this target will be June 2020.