Dow Jones Touches Goal And Remains on The Positive Side

The Dow Jones Industrial Average jumped on Wall Street touching our official target to be achieved in the last analysis, which is located at a price of 30,260, reaching its highest level at 30,271.

On the technical side, and by looking at the 60-minute chart, we find the RSI continues to defend the upside, and we find the 50-day moving average continues to hold the price from below, supporting a bullish price curve accompanied by stochastic concentration around overbought areas.

Consequently, we will maintain our positive expectations, bearing in mind that confirming the breach of 30,270 increases and accelerates and confirms the strength of the bullish trend, completing towards 30,400 the first target and gains may extend later towards 30,540.

The return of trading to stability again below 29,990 is capable of failing the expected bullish scenario, and we witness a bearish tendency targeting 29,770.

Note: the level of risk may be high.

S1: 29980	R1: 30400
S2: 29710	R2: 30540
S3: 29560	R3: 30820