SPDR DJIA Trust Stock Code DIA.NYS
Price broke above the cloud in the previous trading session, which could be a sign that the price correction could have ended and a new bullish trend may have begun. Price had 2 gaps in the previous 2 trading sessions, which is a sign of a strong bullish price trend. An Ichimoku reversal adds weight to the bullish trend. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD remains in the bearish zone but had a bullish crossover, hinting of a bullish price trend ahead. We think price is likely to move higher to the Ichimoku V shaped price projection at $363.00 in the next 2-3 weeks.
$363.00 Price Target
$346.50 Risk Management Stop
3 weeks Trade Duration