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Monthly PICK


DOW JONES INDUSTRIALS ($INDU-NYSE): Technical Viewpoint: From a low of $29,856 on Jan 29, 2021 prices rallied, reaching a high of $35,091 on May 10, 2021. A decline saw prices pull back, reaching a low of $33,271 on Jun 8, 2021. Another rally saw prices penetrate resistance line "A", closing yesterday at $34,870. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 29, 2021 when the solid line crossed the dotted line to the upside. Support: Remains at $33,750. Resistance: Is at $35,091. Point & Figure: Reversed to the upside on Jul 11, 2021. A P&F downside reversal takes place at $33,000. Summary: Technical indicators have turned bullish. BUY! Dow Jones Industrials ($INDU-NYSE) @ $34,900 Stop: Use a protective stop of $32,900. Dow Jones Industrials is currently trading @ $34,870 plus $448.23 on Jul 9, 2021. Price Objective: $51,900. Risk/Reward: $2,000 VS. $17,000. Monthly Risk Reward Ratio: 8:1

Three Part Technical Chart

Monthly Candle Stick Chart Point & Figure Chart Technical

Price Objective: $51,900
Risk/Reward: $2,000 VS. $17,000
Risk/Reward Ratio: 8:1