Stock forecast/ DJIA / Our expectations:
Long-term upward trend, short-term down trend - lower tops. Breaking of the diagonal resistance with upward gap signalizing that the negative sentiment weakens and the bulls are returning to the market.
The price is above 50 and 200 SMA. Activated figure Double bottom and break of the middle-term triangle in upward direction.
Technical indicator: CCI(50) - breaking of level 0 - positive signal. DeM(14) - Above level 0.5 - the positive sentiment increases.
SL: 21830.00
Trader Bozhidar Arabadzhiev
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