mustafa_a

DJT Bullish (if pullback occurs)

Long
mustafa_a Updated   
DJ:DJT   Dow Jones Transportation Average Index
DJT move since 24 December looks like an impulsive 5-wave pattern (With RSI divergence). Retracing to 10k is possible with coming earnings reports and profit taking. 10k - 9.5k will offer good risk/reward ratio. It would be wise to keep an eye on this.
Trade active:
At this point,aftercarefully watching, DJT offers good risk/reward ratio and i am welling to open position. (10083). I am considering SL lever to be 9700 and TP 11110. Ratio = 2.68
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.