INDU is forming an ascending triangle, a bullish sign. It’s looking to test 11,000 soon or go lower.
QQQQ is consolidating in a range bound mode.
Tag Archives: Bullish
CHN
CHN finally reached 35 and closed above 35 yesterday. It has reached my target at 35 and hit my exit limit order set long time ago. 35 is the major resistence level. It’s likely it will pull back. I’m still long-term bullish at CHN and will seek opportunity to get in again. The exit came right before the announced dividend and capital gain distribution date ($3.5701 per share), but I think the market should already factor it in price, so I didn’t cancel the exit. After the ex-div date, the price would adjust to around 32.
LFC breakout
IFC’s recent breakout is held after a pullback. breaking out 27 resistence will start a new bullish phase.
LFC breakout
IFC’s recent breakout is held after a pullback. breaking out 27 resistence will start a new bullish phase.
SPX and CHN
SPX looks like to move up at least to 1120.
CHN breaks out from its long streak of declines since early April. It will be bullish if it continues to break next resistence at 30.