Home / Technical Analysis / Daily Technical Analysis / Dow Jones Repeatedly Attempts to Rise
Dow, Technical Analysis, Stocks

Dow Jones Repeatedly Attempts to Rise

The Dow Jones Industrial Average traded positively during the previous trading session, benefiting from the return of the price base above the support level of 34,050, and in general above 33,950.

On the technical side today, and with a closer look at the 60-minute chart , the bullish scenario is the most favorable one depending on the positive signs that have re-appeared on the RSI.

Therefore, we are targeting 34,245, a first target that may extend later to visit 34,330. Only from below trading below 33,950 will stop attempts to rise, and we are witnessing a bearish slope with a target of 33,790.

Note: the level of risk is still high.

S1: 33950R1: 34245   
S2: 33790R2: 34380   
S3: 33660   R3: 34540   

Check Also

Oil tries to renew chances of rising 3/10/2024

Crude oil prices experienced mixed trading with a positive tendency, reaching a peak at $72.45 …