As market volatility has died down in recent sessions, off the back of calming geopolitical tensions in Hong Kong, as well as between US-China, it appears that the 
DJI has broken out of its "Channel" formation and is moving higher.
Given this move, theDJI is trying to make a run for 26,876 - a Key Monthly Resistance Level (Blue) for the index.
One thing to lend support to theDJI move higher has been the fact that its RSI is showing positive divergence with current price action.
If theDJI can successfully "Breach and Close" above 26,876, it would be a good sign for the market.
Investors should watch this space.
DJI has broken out of its "Channel" formation and is moving higher.Given this move, the
DJI is trying to make a run for 26,876 - a Key Monthly Resistance Level (Blue) for the index.One thing to lend support to the
DJI move higher has been the fact that its RSI is showing positive divergence with current price action.If the
DJI can successfully "Breach and Close" above 26,876, it would be a good sign for the market.Investors should watch this space.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.