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12

Aug

DJI – The catalyst for bearishness in the market

Posted by Jay Chia  Published in Technical Analysis

Trend: Uptrend (Slightly sideway), 20ma up starting to turn flat, MacD above 0 Support: 10360 (20 & 200ma close), 10100, 9800 Resistance: 10560 (100ma close), 10710, 10900 Observations: Candlestick – Long black candle. Histogram – Many Rs. Bearish divergence. RSI – 50%. No bearish divergence is seen. Stochastic – No bullish cross yet. Around 50%. [...]

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