Dow Jones Touches The Desired Target

The Dow Jones Industrial Average jumped during the previous trading session, touching the official target required to be achieved during the last analysis, at 34,620, to succeed in recording its highest level at 34,746.

Technically, with the stability of trading above the support level of 34,520 and in general above the previously breached resistance 34,380, which is accompanied by the RSI gaining bullish momentum on the short time intervals.

This increases the possibility of continuing the rise, targeting 34,840 first targets, knowing that breaching the target level will extend the index’s gains so that we will be waiting for 35,060.

From below, if the breach of 34,380 is confirmed, we may witness negative pressure on the index to visit the first descending target of 33,390. Note: The risk level is high. Note: Stochastic is trying to get rid of the current negativity.

S1: 34310	R1: 34840
S2: 33990	R2: 35060
S3: 33780	R3: 35375