Playtika Case Study

text about this case study

A Visual analysis of the Dow’s price graph shows the nearest resistance level is at 31,188.38. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. Asset volatility analysis shows that the lower Bollinger band is at 30,073.21, indicating further gains might be next. Japanese Candlesticks formations detected today are the “Bullish harami”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a reversal, of course. However, the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend.