NinjaSingapore

Will DJI make another all-time high after Christmas?

DJ:DJI   Indeks Dow Jones Industrial Average
Dow Jones Industrial Average             has been progressing to an unknown territory for the last few months. The index made an all-time high at 24876.07 on 18 December 2017 and due to the holiday season, the index did not move much this week.

Investors like you may be wondering this pair's movement in the following week. From a technical outlook, the index is still in an uptrend. Based on our forecast, if the bullish momentum continues, we could potentially see the index testing 25000 and if this level were to be taken out, the next level would likely be 25400. On the other hand, if the bullish momentum is to pause for a while to enable traders to take profits, we could potentially see the index retrace to 24580 as our first target level, and if this level cannot provide the necessary support, the index could potentially be retraced to 24480.

Good trading
NinjaSingapore
23 December 2017

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Perdagangan aktif: Target 1 (25000) was achieved on 4 Jan 2018. Still watching whether Target 2 will be hit. Will update again.
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