Tag: SPDR DJIA Trust

CFD Trading – Buy SPDR DIJA Trust. (DIA.NYS) @ $328.00. Stop @ $317.60 and Target @ $343.40.

Nicholas

SPDR DIJA Trust Stock Code DIA.NYS

Outlook

Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud.  MACD is bullish with both its lines crossing above the zero line. MACD is hinting at a bullish price trend. We think price is likely to move higher to the previous high at $343.46 in the next 2-3 weeks.

Strategy                  

$328.00              Buy

$343.40              Price Target

$317.60              Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy SPDR DJIA Trust (DIA.NYS) @$351.40 Stop @ $346.50 and Target @ $363.00.

Nicholas

SPDR DJIA Trust Stock Code DIA.NYS

Outlook

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.

Strategy                  

$351.40              Buy

$363.00              Price Target

$346.50              Risk Management Stop

3 weeks              Trade Duration