Home / Technical Analysis / Daily Technical Analysis / Dow Jones Maintains Its Bullish Path
dow jones, index, wall street, techincal analysis

Dow Jones Maintains Its Bullish Path

Positive trading dominated the Dow Jones Industrial Average, to record its highest level at 28485.

Technically, we see that the index closed its trading above the support level of 28200 with the positive motive of the 50-day moving average in conjunction with positive signs from the RSI.

As long as trading remains above 28200, the bullish scenario remains intact, noting that confirming a break of 28460 facilitates the mission required to visit 28680 as a first target, followed by 28720 next stop.

The return of stability below 28200 negates the bullish scenario, and we may witness negative trading to 28000 then 27870.

Warning: The level of risk may be high.

S1: 28200R1: 28540   
S2: 28010R2: 28680   
S3: 27860   R3: 28870   

Check Also

Oil breaks resistance 19/11/2024

US crude oil futures have shown a strong upward momentum, crossing a key resistance level …