DOW30 - Intraday - We look to Buy a break of 24050 (stop at 23970) 2 consecutive positive sessions have been posted. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. We look for a temporary move higher. A Morning Star formation has been posted at the low. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 24050, which will confirm the bullish sentiment. Our profit targets will be 24290 and 24400
do you do any fundamental analysis? and pay attention to any news, announcements etc? one tweet from Donald trump throws the whole tech analysis to pieces i think, not sure if the tech analysis even fully works in this market..
Signal_Centre
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@virtualtechie11, Thanks for your questions. We listen to news, look at fundamentals and company announcements and utilize Technical Analysis. Trump tweets have a short term impact on markets but very little impact on the overall trend unless he is implementing a policy shift which no analysis can pick up. What do you use?