The current moves in the Dow Jones Industrial Average are witnessing a slight bearish bias, as a result of a collision with the resistance level 29480, and consolidate around the low of 29225. Technically, today, we are biased negatively in our intraday trading, depending on the negative signs coming from …
Read More »Dow Jones Retesting Support
The Dow Jones index tipped positive in the previous session, surpassing the required target of 29830, to hit a high of 29893. Technically, we tend to be positive, depending on the index based above 29180, with the index continuing to receive a positive stimulus from the 50 moving average over …
Read More »Dow Jones Based On Support
The movements of the Dow Jones Industrial Average tended to be negative during the previous trading session, seeing that the current moves stabilized below the 29690 level. Technically, looking at the 60-minute chart, the index is still trading steadily above the 29425/29430 support floor, with the RSI stable above its …
Read More »Dow Jones Attacks a Barrier of 30,000
The Dow Jones Industrial Average continues to achieve gains, touching goal mentioned in the previous analysis at 29,960, approaching 2nd target of 30,000, reaching a peak at 29,994. Technically, looking at the 60-minute chart, we find the RSI is still providing positive signals, with the stochastic oscillating around overbought areas. …
Read More »Dow Jones Maintain Gains
The Dow Jones Industrial Average opened its first weekly trading on the upside, posting its highest level during the morning session at 29720. Technically, looking at the 60-minute chart, we find the RSI continues to defend the bullish bias in conjunction with the positive signals of the 50-day moving average. …
Read More »Dow Jones May Have a Temporary Fall
Negative moves dominate the Dow Jones Industrial Average after it encountered a strong resistance near 29200. Technically, the current movements are witnessing a bearish bias as a result of trading stability below 29220/29215 with negative signs on the RSI indicator on short time frames. Therefore, there is a possibility that …
Read More »Dow Jones Maintains a Bullish Path
The Dow Jones Industrial Average maintains its recent gains after successfully establishing a good support floor near the 29060 level. Technically today, we find RSI continues to defend the upside, in addition to building the index price above the aforementioned support level accompanied by the positive stimulus of the 50-day …
Read More »Dow Jones Soaring Higher
The Dow Jones Industrial Average jumped to continue achieving the bullish targets, touching the third official leg mentioned in the previous analysis at 28460, recording a peak at 28619. Technically, looking at the 60-minute chart, we find that the moving averages continue to hold the price with the stochastic around …
Read More »Dow Jones Continues to Gain
The Dow Jones Industrial Average jumped to continue achieving the bullish targets, touching the third official leg mentioned in the previous analysis at 28460, recording a peak at 28619. Technically, looking at the 60-minute chart, we find that the moving averages continue to hold the price with the stochastic around …
Read More »Dow Jones Dow Jones Continues to Make Gains
The Dow Jones Industrial Average touched the first required target mentioned in the previous analysis at 28220, extending the gains, peaking at 28386. Technically, we tend to be positive depending on the positive motive of the SMA-50, with the stochastic indicator centered around overbought areas. From here, with intraday trading …
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