The Dow march 203.52 higher to closed the day strongly at 10226.94 level. The 10120 resistant level will now became the immediate support line for DJIA. Price closed higher forming a wide range bar candle above the upper Bollinger band with the band width expanding = the bullish sentiment continues but the upward price movement is a little over extended. MACD Histrogram lifted higher into the positive zone = Total retreat of seller from the market as buyer won the battle. Uptrend market remain intact but due to the over extended price surged, the Dow could have some consolidation take place today.
No comments:
Post a Comment