Home / Technical Analysis / Daily Technical Analysis / Dow Jones Continues Its Gradual Rise
Dow, Technical Analysis, Stocks

Dow Jones Continues Its Gradual Rise

The Dow Jones Industrial Average achieved good gains in the previous trading session, approaching the official target by a few points at 35,420, posting a high of 35,402.

On the technical side today, stochastic is centered around overbought areas that support the possibility of a rise. This comes in conjunction with the positive signals on RSI.

From here, and steadily trading above the support level 35,220/35,200, the bullish scenario remains valid and effective, targeting 35,370 and then 35,460, respectively.

Trading below 35,200 can completely thwart the bullish scenario, and the index will face intense negative pressure, with its initial target of 35,160, extending later to visit 35,075.

Note: The risk may be high.

S1: 35220R1: 35370   
S2: 35165   R2: 35460   
S3: 35075   R3: 35520   

Check Also

WTI: Upside Potential Remains, But Breakout Needed for Further Gains 26/6/2024

US crude oil futures prices experienced a pullback after several days of gains, failing to …