Trading the DJIA – Price action positive but overbought stochastics

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Momentum: MACD: Positive RSI: Positive Trend Stochastic: Buy signal, in overbought territory Daily Price Action Trend: Positive Last relevant high: 17,062.5 Last relevant low: 16,510.5 Comment: The Dow made it four positive sessions in a row on Friday, as oil rallied and the non-farm figures eased recession fears and possibly delayed the next rate hike. A close above 17,000 is also a bullish psychological level so things are looking positive on that front! Clearly for every bullish tick, we

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