Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average achieved the bearish target at 34,420, to record its lowest level at 34,378.
On the technical side, the current movements are witnessing a slightly bullish trend, benefiting from the intraday stability above the 34,580 support level, accompanied by positive signs that started appearing on the RSI.
Therefore, there is a possibility of forming a bullish attack in the coming hours, targeting 34,800/34,820 first target. Its breach is a catalyst that enhances the chances of rising to visit 34,900 and 34,980, respectively.
Trading below 34,440/34,420 will immediately stop the attempts to rise and lead the index to a solid bearish path, with its initial target around 34,220 levels. Note: The risk level is high.
| S1: 34440 | R1: 34820 |
| S2: 34220 | R2: 34980 |
| S3: 34055 | R3: 35200 |
