The Dow Jones Industrial Average touched the target mentioned in the previous analysis, at 31,170, posting its lowest levels at 31,167. Technically, we tend to be negative in our trades depending on the negative signals coming from the RSI and its stability above the 50 midline, in addition to the …
Read More »Dow Jones Facing Temporary Decline
Positive trading dominated the movements of the Dow Jones Industrial Average in the New York Stock Exchange within the expected upward trend, touching our official awaited target 31,445, to succeed in reaching its highest level at 31,448. On the technical side today, and with a closer look at the 60-minutes …
Read More »Dow Jones Continues to Hit The Bullish Targets
Positive moves continue to dominate the Dow Jones Industrial Average, as we expected touching the first target to be achieved during the previous analysis, located at 31,350, recording its highest level at 31,382. On the technical side, today, with the index resting above the support floor of 31,210, accompanied by …
Read More »Dow Jones Maintains Gains
The Dow Jones Industrial Average managed to maintain the bullish path as they expected, touching the first target to be achieved during the previous analysis, located at 31,245, and approaching a few points difference from the second target 31,325, recording its highest price of 31,306. The technical side today indicates …
Read More »Dow Jones Continues to Achieve Highs
The Dow Jones Industrial Average continued to score bullish goals, touching the first peak mentioned in the previous analysis at 31,170, to record its highest levels of 13,189. Technically, with the RSI still defending the bullish trend, in addition to stochastic remaining around overbought areas. This increases the chances of …
Read More »Dow Jones Extends Gains Ahead of Jobs Data
The Dow Jones Industrial Average jumped yesterday, surpassing the target of 30,800, recording its highest level at 31,022. On the technical side, we find the RSI stable above the 50 midline, supported by stochastic around overbought areas. Therefore, with the stability of trading above 30,800, this encourages us to maintain …
Read More »Dow Jones Suffered Heavy Losses
The Dow Jones Industrial Average traded positively on Wall Street during the previous trading session, recording its high at 30,710. On the technical side, today we find the index succeeded in building a base on support floor 30,410 and the most important 30,380, and we find the RSI indicator providing …
Read More »Dow Jones Suffered Heavy Losses
The Dow Jones Industrial Average suffered heavy losses on Wall Street, as we expected the gradual advance to the downside, reaching a low of 29,906. On the technical side, today, with the obvious negative crossover signs on Stochastic, which come in conjunction with the negative signs of the RSI on …
Read More »Dow Jones Settled Below Support
Negative trading dominated the movements of the Dow Jones Industrial Average, with the conclusion of last week’s trading, touching our first awaited target, located at 29,950, recording the lowest price of 29,752. Technically, we tend to be negative in our trading, relying on trading stability below the previously broken support, …
Read More »Dow Jones Struggling to Stop The Decline
The Dow Jones Industrial Average declined significantly during the previous trading session, to cancel the positive outlook and touching the stop-loss order. We indicated that trading below 30,615 is able to completely negate the Bullish Scenario and we may witness a strong bearish tendency, with an initial target around 30,470, …
Read More »