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Djia

DOW JONES touched the 1D MA50. Time to rebound?Dow Jones is trading within a wide Channel Up on the 1D time-frame since the November U.S. elections break-out. Applying the Fibonacci Channel levels really gives this a better perspective. Yesterday the price hit the 1D MA50 (blue trend-line). As you see every contact within the 1D MA50 since January has been a buy opportunity. So far even when the 1D MA50 breaks slightly, the price never goes below the Ichimoku Cloud. Yesterday we had a hit both on the 1D MA50 and the Ichimoku. I believe that should be enough to initiate a rebound within the current phase of the Channel Up. The question is, will that be like the March 04 rebound which broke above that Channel and took the index to the higher Fibonacci levels? What do you think? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AngusMcK --------------------------------------------------------------------------------------------------------
TVC:DJILong
by TradingShot
7
DOW JONES Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the zone within the 1D MA50 and the 4H MA400 (yellow trend-line) has been a buy opportunity within the Channel Up. Also the previous -5% pull-backs have been buy opportunities, both of which made a bottom within that zone. In addition, the RSI bounced on its Support Zone. Target: 35800 (every such pull-back has rallied +8% to the 1.5 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
CBOT_MINI:YM1!Long
by TradingShot
5
DJIA is my wave count correct ?There is not much to write here if My count of the Elliot waves is correct I would say that 35k up to 38k will bring solid correction. I would expect harmonic pattern of 3 correcting waves if this analyse is correct. Expecting also USD to grow stronger and BTC to go lower than current price. I have not much experience with DJIA index but after what I saw the very low GDP of most of the coutries and huge spike in prices of equites commodities I suspect that the bubble might be hiding somewhere
DJ:DJIShort
by Krystiannwk
$CINF (Cincinnati Financial Corp) - Long to $160 Here is the analysis behind my latest stock purchase $CINF (Cincinnati Financial Corp) PE Ratio (Trailing) = 5.42 ROE = +29.9% ROA = +11.4% ROIC = +10.9% Solid data there and then the cash situation looks very strong. cash flow is growing but capital expenditures are not meaning the free cash flow is growing in recent years with the most recent 12 months bringing in 1.65 billion We have 947 million in total cash and 905 million in total debt so this is a well balanced company from that aspect. Considering the debts are well managed and the growing cash flow inline with the average growth of just over 7% for the last 10 years, this to me looks like a strong company that is currently undervalued. I believe the intrinsic value of this stock to be at $160 based on the current fundamental data
NASDAQ:CINFLong
by BenSparham