DJ is now sitting at longterm support trendline, bounce coming!
Good news, first human trial for coronavirus vaccine begins Monday in the US.
This should push some investors to risk-on on equities.
TA wise, DJ is sitting at longterm support trendline.
RSI is also at 20.91, already at oversold level. If ever there are still some sell-off I think would be minimal.
The lowest RSI reached 19 last Oct 6, 2008. So I think ROI of buying or accumulating now is high.
This is my personal opinion only and should not be taken as trading and investing advice. Kindly trade at your own risk.
This should push some investors to risk-on on equities.
TA wise, DJ is sitting at longterm support trendline.
RSI is also at 20.91, already at oversold level. If ever there are still some sell-off I think would be minimal.
The lowest RSI reached 19 last Oct 6, 2008. So I think ROI of buying or accumulating now is high.
This is my personal opinion only and should not be taken as trading and investing advice. Kindly trade at your own risk.