Technical Weakness Caution: DJIA (Update 21/04/2020)
The DJIA has completed a bearish wedge pattern and has broken below it. The confluence of the bearish wedge and horizontal resistance at ~24000 could potentially form a small SHS pattern. A break below 23000 with volume will confirm the retracement.
We reiterate our stance on stock picking of fundamentally strong stocks with a lockdown theme at the moment.
We are also looking to buy the index on retracement.
Exercise due diligence!
We reiterate our stance on stock picking of fundamentally strong stocks with a lockdown theme at the moment.
We are also looking to buy the index on retracement.
Exercise due diligence!
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