The Stock Library
Dow Jones Chart Analysis 30 November 2012
Edwin Toh
Publish date: Sun, 02 Dec 2012, 12:30 PM
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..
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..
Dow Jones still in the downtrend zone and rebounded on the 12531 support to formed a lower low and it looks like it is about to complete its rebound cycle and formed lower high after forming a doji star after a white candle.
Indicators
Indicators
1) Trendline - below the downtrend line .. ( Bearish )
2) Support/Resistance - Formed lower low ( Bearish )
2) Support/Resistance - Formed lower low ( Bearish )
3) MACD - Positive ( Bullish )
4) RSI - Stagnant at 61%.... Temporary waiting for a bigger reaction of the price to know whether bullish or bearish.
4) RSI - Stagnant at 61%.... Temporary waiting for a bigger reaction of the price to know whether bullish or bearish.
5) STO - Bullish crossover and broke over 80% (Bullish ) .
6) Ichimoku - a) Price coming entering from the support cloud (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 - Doji Star after a white candle ( Bearish) .
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Doji Star after a white candle ( Bearish) .
Conclusion:
Bearish
With the fiscal cliff fear , weak europe and Slowdown in China is causing a weaker market sentiment to uphold the index..
With the fiscal cliff fear , weak europe and Slowdown in China is causing a weaker market sentiment to uphold the index..
Resistance- 13057 / 13134 / 13335 / 13583
Support - 12964 / 12794 / 12716 / 12531 / 12314 / 12237 / 11757 / 11649
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