Thursday, December 15, 2011

DJI - Dow Jones Industrial Average

As of 11PM Manila Time, DOW up by +76.14 (0.64%). It is now testing the support line at 11,850 and 50dMA. Let's see if support holds till end of trading day. RSI rising and resistance is at 79. If DOW breaks down from the 11,850 support line, it will test the ascending support line. Good if DOW bounces from the 11,850 or yellow support line... A bad signal if it will breakdown from the yellow line coz there is a possibility of a double top pattern. For now, sideways to up is still intact.





































Previous post - http://coffeechart.blogspot.com/2011/12/dow-jones-industrial-average.html

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