The Dow is already in a 60 min uptrend and it looks like the trend may continue to go up. The Dow has already broken out of a 2 hour ascending triangle which I showed you in the past analysis.
The Dow is now is a strong 60 min uptrend. It is staying nicely above the rising 60 min 20 MA, 50 MA and 200 MA. This is usually a sign of more bullish things to come.
At this moment, the Dow might be forming a 60 min ascending triangle. These patterns in an uptrend is good as it helps to absorb supply on the left and gets the index ready to shoot up higher.
If Dow manages to break above the top of the pattern, we will continue to have a nice bull run up.
Aug 17, 18 05:07 AM
In this lesson we will take a look at the technical developments of OKA Corp's stock price and why it moved the way it did. We will also have a look at what might happen to OKA's stock price.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.