When Dow Jones 30 Industrials $DJI Moves Investors should Listen

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Mar 31, 2021 (Stock Traders Daily via COMTEX) — How do we know what is going on behind the scenes of a company? According to Stock Traders Daily, a 20-year industry innovator, the best way to do this to to watch the price action in the stock. The Dow Jones 30 Industrials (NYSE: DJI) report below is a real world example. Included are trading plans for DJI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.

Technical Summary

Bias Strong Neutral Strong
P1 0 0 31514.49
P2 32994.75 32555.99 32492.62
P3 33358.63 33076.73 33330.42
Long Term Trading Plans for DJI

March 31, 2021, 12:30 pm ET

The Technical Summary and Trading Plans for DJI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DJI Report.

DJI – (Long) Support Plan

The technical summary data tells us to buy DJI near 32492.62 with an upside target of 33330.42. This data also tells us to set a stop loss @ 32398.78 to protect against excessive loss in case the stock begins to move against the trade. 32492.62 is the first level of support below 33078.9 , and by rule, any test of support is a buy signal. In this case, support 32492.62 is being tested, a buy signal would exist.

DJI – (Short) Resistance Plan

The technical summary data is suggesting a short of DJI as it gets near 33330.42 with a downside target of 32492.62. We should have a stop loss in place at 33426.68though. 33330.42 is the first level of resistance above 33078.9, and by rule, any test of resistance is a short signal. In this case, if resistance 33330.42 is being tested, a short signal would exist.


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The MarketWatch News Department was not involved in the creation of this content.