DJI is trading on a 2 month long 1D Channel Up (RSI = 67.760, MACD = 270.600, ADX = 45.275, Highs/Lows = 174.000) that seems to have reached an inner peak. With the RSI on the 4H chart also on the Resistance Zone, we are expecting a minor pull back that will give us the opportunity for a long position.
The current Support Zone is 28,900 - 29,010 with 28,700 as the last resort since the MA50 (4H) is there. Our TP is 29,600. Attention is needed as a break below the 4h MA50 risks testing the MA200.
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The current Support Zone is 28,900 - 29,010 with 28,700 as the last resort since the MA50 (4H) is there. Our TP is 29,600. Attention is needed as a break below the 4h MA50 risks testing the MA200.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.