Dow Jones Touches The First Goal

Positive moves dominate the movements of the Dow Jones Industrial Average touching the first official target station during the previous report, located at a price of 34,480, to record the highest level at 34,481.

On the technical side today, we tend to be positive, relying on the stability of trading above 34,230 and in general above 34,095. We also find the stochastic indicator concentrated around overbought areas, accompanied by the continuation of the RSI indicator above the 50 midline.

Therefore, we maintain our positive expectations, continuing towards the next target of 34,490, and a breach thereof increases and accelerates the strength of the bullish trend, opening the way to visit 34,550, and the gains may extend later towards 34,610.

In general, we will continue to suggest the general bullish trend as long as trading remains stable above 34,095.

Note: the risk level may be high today.

S1: 34230	R1: 34490
S2: 34095	R2: 34615
S3: 33970	R3: 34750