The US index Dow Jones Industrial made a new 2011 high after the Transport index made a new high on 31st March.
This validates the bullish stand. The dip in mid March did triggered a sell signal when the 50 SMA was broken.
But the recent swing low above 50 SMA was a buy signal. The above average volumes on breakout is a good sign.
The Transport index in remains in bullish trend.
The daily macd is though in sell mode but it has started turning to bullish mode.
This validates the bullish stand. The dip in mid March did triggered a sell signal when the 50 SMA was broken.
But the recent swing low above 50 SMA was a buy signal. The above average volumes on breakout is a good sign.
The Transport index in remains in bullish trend.
The daily macd is though in sell mode but it has started turning to bullish mode.
No comments:
Post a Comment