Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average maintains positive stability touching the first target to be achieved, at 33,445, recording its highest price of 33,471.
On the technical side, the RSI indicator continues to get positive signs, and this comes in conjunction with the stochastic concentration around overbought areas.
From here, intraday trading is above 33,310 and in general above 33,270. The bullish bias remains likely today, knowing that confirming the breach of 33,470 extends the index’s gains so that we are waiting for 33,515 first targets, and then 33,615.
Trading below 33,270 and stabilizing below it will stop the bullish bias and put the price under negative pressure, targeting a re-test of 33,125. The risk level may be high.
| S1: 33270 | R1: 33515 |
| S2: 33125 | R2: 33615 |
| S3: 33030 | R3: 33760 |
