The Stock Library

Dow Jones Chart Analysis 14 November 2012

Edwin Toh
Publish date: Thu, 15 Nov 2012, 09:56 AM
Edwin Toh
0 184
Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.


Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..



Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2)  Support/Resistance - Formed lower low and lower high ( Bearish ) 
3) MACD -Bearish Crossover  ( Bearish ) . Awaiting for 4R1G signal
4) RSI - Broken below 30% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku -  a) Price coming entering from the support cloud (Bearish).
                       b) Conversion line  below the base line (Bearish).
                       c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle  (Bearish).
8) Market Sentiment - Negative from  USA 600B Fiscal Worries Refer link




Conclusion:
Bearish
Broke below the Support cloud which indicates bearish and now testing the next support at 12531

Resistance-  12716 / 12794 / 12964 / 13057 / 13134 / 13335 / 13583
Support -  12531 / 12314 / 12237 / 11757 / 11649
More articles on The Stock Library
Discussions
1 person likes this. Showing 0 of 0 comments

Post a Comment