Indeks Rata-rata Industri Dow JonesPembelian
Nothing gonna stop me now !
Diupdate
Hooray.....Now that DJIA has break out from 25,133 price level as resistance, it is likely going to revisit 28,420 to 28,860 to close the gap.
However, it may not go up as per the direction I drawn on the chart. It could also consolidate above the resistance level for a while before it heads up higher. So long as it does not breach the bullish trend line, it is still a buy.
The power of using trend lines is it ignores all the noises in the market. Economists worldwide are still discussing if this a V, L or W shape recovery. Why bother ? By the time, they figure out and have a standard answer, the opportunity is gone.
In studying the relationship between macroeconomics factors and the stock market, there are way too many variables that can affect it. Here's a list not exhaustive :
Interest rate
GDP
Unemployment rate
Housing sales
debt to GDP ratio
Trade surplus/deficit
Trade tariffs
Depreciation of currencies
Fiscal & monetary policies
Etc
By looking at the chart exclusively, you rely on what the trend , price action is telling you. You shut out all the above and focus on what's in front of you. Even that, we have many different opinions and nobody knows who's right or wrong till the market moves.
However, it may not go up as per the direction I drawn on the chart. It could also consolidate above the resistance level for a while before it heads up higher. So long as it does not breach the bullish trend line, it is still a buy.
The power of using trend lines is it ignores all the noises in the market. Economists worldwide are still discussing if this a V, L or W shape recovery. Why bother ? By the time, they figure out and have a standard answer, the opportunity is gone.
In studying the relationship between macroeconomics factors and the stock market, there are way too many variables that can affect it. Here's a list not exhaustive :
Interest rate
GDP
Unemployment rate
Housing sales
debt to GDP ratio
Trade surplus/deficit
Trade tariffs
Depreciation of currencies
Fiscal & monetary policies
Etc
By looking at the chart exclusively, you rely on what the trend , price action is telling you. You shut out all the above and focus on what's in front of you. Even that, we have many different opinions and nobody knows who's right or wrong till the market moves.
Catatan
nice, closing candle sits on top of the support line at 25,133.50Catatan
congrats to all who followed.
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