As I am writing this, Dow Jones closing at 25800 climbing 547 points (+2.17%), one of the biggest rises we have seen in recent times on DJIA 2.17% . With this bounce, it seems to have concluded the corrective wave and is on its course to start its downward journey from hereon. If my guess is true, we may not see 26000 again on Dow for a very long time and the fall...
As I am writing this, Dow Jones closing at 25800 climbing 547 points (+2.17%), one of the biggest rises we have seen in recent times on DJIA. With this bounce, it seems to have concluded the corrective wave and is on its course to start its downward journey from hereon. If my guess is true, we may not see 26000 again on Dow for a very long time and the fall from...
The ongoing downtrend is Wave2 of the fresh impulse started at 612. On both price wise and time corrections seem to be concluded, the stock may take a fresh start anytime soon. Expect Wave3 target of 980-1000 in the coming 3-6 months. The targets would be revised as the internal waves unfold. Maintain a stoploss below the recent low and buy.
