The Dow Jones Industrial Average maintains the gradual upward trend, approaching the first target mentioned in the previous report, located at 29,960, recording its highest levels at 29,937. On the technical side, with the index consolidating above the 29,730/29,710 support floor, accompanied by positive signs of RSI. Therefore, we maintain …
Read More »Dow Jones Continues to Attack on The Resistance
The Dow Jones Industrial Average touched the first target to be achieved in the previous trading session at 30,045, reaching a high of 30,054. Technically, looking at the 60-minute chart, we find that the RSI indicator continues to defend the upside until the stochastic is positioned around overbought areas. Therefore, …
Read More »Dow Jones Continues to Gain Ground
The Dow Jones Industrial Average witnessed positive trading, surpassing the first desired target mentioned in the previous analysis at 29,870, Posting a high of 29,917. Technically, looking at the 60-minute chart, we find the RSI is stable above the mid-50 line, accompanied by the positive stimulus coming from the 50-day …
Read More »Dow Jones Settles Above Support
Positive trading dominated the movements of the Dow Jones, surpassing the second required target achieved last Friday at a price of 29,890, posting its highest level of 29,976. On the technical side today, and despite the current slight bearish bias, we tend to be positive, depending on the RSI’s attempts …
Read More »Dow Jones Based on Support
The positive attempts of the Dow Jones Industrial Average on Wall Street continue to maintain the gains it made during this week’s trading. Technically, and with a closer look at the 60-minute chart, we find the RSI indicator is still providing positive signals, accompanied by the positive motivation of the …
Read More »Dow Jones Reaches Historic Highs
The Dow Jones Industrial Average jumped on Wall Street to achieve historical gains, as we expected, touching the official target 30,000 and approaching a few points difference from the second target 30200, to record its highest level at 30162. On the technical side, and with a closer look at the …
Read More »Dow Jones Recovering
The Dow Jones Industrial Average jumped yesterday, canceling the negative outlook, as we expected it to return to its highest level at 29835. On the technical side, with the return of trading stability above the previously breached resistance level located at 29570, which was accompanied by the persistence of the …
Read More »Dow Jones Faces Temporary Negative Pressure
Negative moves dominated the Dow Jones last week, approaching the target of retesting 29110, to hit a low of 29170. Technically, looking at the 60-minute chart, we find that the RSI continues to provide negative signals with the intraday trading stable below 29445/29440. From here, we will maintain negative expectations …
Read More »Dow Jones Faces Temporary Negative Pressure
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 …
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