DIA (Dow Jones Index ETF) - Support, Resistance, Trend -09/05/21
DIA (Dow Jones Index ETF) has been uptrending in 2021, on daily and weekly charts.
However, price is currently consolidating between $352.18 and $355.83.
Bullish scenario:
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
Bearish scenario:
-DIA price pulls back down to test support levels below.
-Support levels: $352.14, $348.46, $346.17.
Note: To maintain a weekly uptrend, DIA price needs to close and hold above $346.17.
However, price is currently consolidating between $352.18 and $355.83.
Bullish scenario:
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
Bearish scenario:
-DIA price pulls back down to test support levels below.
-Support levels: $352.14, $348.46, $346.17.
Note: To maintain a weekly uptrend, DIA price needs to close and hold above $346.17.
Bình luận:
09/19/2021: DIA is in a short-term daily downtrend. Price is seeking a lower-low first, then price could bounce up. If the rebound bounce up is not strong enough (like Feb/March/June/July 2021), a new daily downtrend could form.
Bình luận:
Comment: 10/03/21 to 10/08/21:
-DIA (dow jones etf): support test, daily lower-high price potential.
-DIA (dow jones etf): support test, daily lower-high price potential.
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-Additional Support Levels for DIA: $343, $341, $338.