TradingView
chchart
Aug 24, 2019 1:36 PM

Buy the dip on DJI Long

Dow Jones Industrial Average IndexTVC

Description

It is a good opportunity to buy the dip at 25480 level.

The stop loss is placed slightly below recent low 25300, the target is 26200.

This trade has a very attractive risk / reward ratio of 1:4
Comments
aox8zs
It is a good opportunity to buy the dip at 25480 level.

The stop loss is placed slightly below recent low 25300
aox8zs
It is a good opportunity to buy the dip at 25480 level.

The stop loss is placed slightly below recent low 25300
aox8zs
It is a good opportunity to buy the dip at 25480 level
PaulDeep19131
Don't buy until we close at or above 26,400 (which may not even happen). Otherwise you risk the chance of blowing up your account by gambling my friend.
chchart
@zSplit, yes, it may not be a good idea to buy / accumulate stocks. However, for CFD trading and with the risk well managed with stop loss, why not give it a try?
PaulDeep19131
@chchart,

There was no specifications about the OP doing CFD trading. In reality, most people just trade the regular hours in the market. At this point, to risk going long in the general market is incredibly risky and I would even consider negligent. Until we pass the original value of the initial volatility which is 26,400, the trend is down.

Now of course, I'm not saying there is nothing to invest in. The OTC market is entirely disconnected from the general market and there are great opportunities there. In isolated sectors, there are also sound opportunities.

However, to invest in something like 3M, Apple, etc, etc would be an extremely poor decision right now.

- zSplit
chchart
@zSplit, thanks for your comment.
More