Daily DIA stock price trend forecasts analysis.12-JUL
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
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Forecast D+1 Candlestick Color : GREEN Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.2% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 0.7% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
DIA trade ideas
DIA SHORT based on TOP Resistance + Trend-LineSPDR Dow Jones Possible SHORT over the longer-term coming up, wait for extra signals. Possible SHORT based on the current resistance at 269.20 that hasn`t been crossed yet. Currently low volume trading, wait for higher volume for confirmation on SHORT. I would suggest SHORT ones 1 TARGET(RED) 262.00 is broken (SHORT33%). 2nd Target (ORANGE) 253.00(SHORT66%). If this support is broken look towards 248.00. If this level is broken SHORT full position (100%) until 242.00(GREEN) at least.
Divergence Flashing Reversal Warning in DIA? Divergence in technical analysis is simply a separation between price action and various indicators or oscillators. Divergence however, should never be used as a stand alone tool. FlashPoint Trading Academy uses divergence to assist in our swing trade entries and exits.
FlashPoint entered a long in DIA back on January 17th at $141.23. Having noticed a divergence between DIA's price and RSI, Stoch and MACD, we've set a stop-on-close order right below the 10 day EMA to ensure we lock in current gains. Simultaneously, we will also execute a sell stop order to enter a new short position as well with our initial target set at $256.61. Further weakness in the underpinning of major markets could see an even larger move down to $247.58.
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