Dow Jones Industrial Average - April 2020
30 Apr 2020
- Trend : Short term still sideways.
- MA : Index close below MA60. Now still moving between MA20 and MA60.
- Candle : Index opened low and closed lower.
- Volume : No significant high volume.
29 Apr 2020
- Trend : Short term still sideways until a higher low to confirm trend change to uptrend.
- MA : Index breaks resistance of MA60. Three MAs (MA5, 10 and 20) below are in upward trend to provide short term support.
- Candle : Index breaks resistance and closed slightly above MA60. Index is having selling pressure with the upper tail from candle.
- Volume : Slightly higher volume.
28 Apr 2020
- Trend : Short term still sideways unless index close above previous high at 24264.
- MA : Index is near resistance of MA60.
- Candle : Index tried to break resistance but not successful.
- Volume : Candle need higher volume for decisive breakout.
27 Apr 2020
- Trend : Short term sideways unless index close above previous high at 24264.
- MA : Index moving between MA20 and MA60.
- Candle : Bullish candle opened and closed higher than previous.
24 Apr 2020
- No much changes in index but closed slightly above MA5 and MA10.
- Short term, index should be sideways between MA20 and MA60.
23 Apr 2020
- No much changes in index and still below MA5 and MA10.
- Short term, index should be sideways between MA20 and MA60.
22 Apr 2020
- Index closed higher with a doji but below MA5 and MA10. Will index change direction?
- Index is currently still short term sideway.
21 Apr 2020
- Index closed below MA5 and MA10, and previous support of 23211.
- Trend now changes to short term sideways.
- The next supports are MA20 and the gap below it.
20 Apr 2020
- Index closed lower and below MA5, a day after breaking resistance. Uptrend continues.
17 Apr 2020
- Index closed breaking previous resistance and back above MA5. Uptrend continues.
- Index have a chance to challenge MA50.
16 Apr 2020
- Index opened flat with a doji candle below MA5. Will index close higher tomorrow?
15 Apr 2020
- Index dropped below MA5. Need to monitor the trend closely.
- This might be a pull back and wait for candle to close above MA5 again.
- As long as index is not dropped below MA20 or previous low, it is still in uptrend.
14 Apr 2020
- Index opened high and closed higher with bullish candle. Candle still above MA5.
- Index is still in uptrend.
13 Apr 2020
- Index closed lower after a doji last week. Candle still above MA5.
- As long as index not drop below support of 20735, it is still in uptrend.
9 Apr 2020
- Index closed as a doji today. It may or may not go lower next week.
- All three MA lines are uptrend.
8 Apr 2020
- Bullish candle today. Combine with candle yesterday becomes bullish harami pattern.
- Candle still above MA5. MA20 starts to turn uptrend.
- Overall index continues uptrend.
7 Apr 2020
- Index open high but close lower than yerday and slightly above previous lower high.
- If candle close above MA5 tomorrow, then there is a chance to continue the uptrend.
6 Apr 2020
- Index breaks upper gap and nearest resistance with large bullish candle, a strong signal that there is no longer downtrend. Index closed above MA5 and MA50.
- Another bullish candle will form a higher high and higher low, then we can confirm trend reversal to uptrend.
- If another candle closes below today's candle, trend might be sideways in short term.
3 Apr 2020
- Index is moving between upper and lower gaps in the last three days. Overall still down trend.
2 Apr 2020
- Bullish candlestick today but overall remain down trend.
1 Apr 2020
- Index dropped below previous low of 28169 on 24 Feb 2020. MA5, MA10 and MA20 were all down trend and candlestick was below MA5. Trend changed and no longer uptrend.
- First lower low and lower high formed on 28 Feb and 4 Mar. Down trend confirmed.
- Down trend continue after forming another lower low and lower high on 23 and 26 Mar.
- If the lower gap at 19649 and 19121 able to provide support in next few days, Dow will be going sideways or form a higher low.
- If Dow falls below the gap, next support level is 18213.
- If Dow falls below 18213, down trend continues.
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