Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average succeeded in the bullish attack as we expected during the last analysis, achieving the required target to be touched at 34,820, recording its highest price 34,825.
On the technical side, the current moves are witnessing a bullish bias, benefiting from the intraday stability above the support level of 34,500, accompanied by positive signs that started appearing on the RSI.
Therefore, there is a possibility to continue rising during today’s session, targeting 34,850 first target, and its breach is a catalyst that enhances the chances of advancing to visit 35,040.
Stability below 34,500 postpones the chances of rising, and we will see a retest of 34,430 before attempts to rise again. Note: The risk level is high.
| S1: 34430 | R1: 34850 |
| S2: 34220 | R2: 35040 |
| S3: 34020 | R3: 35260 |
