简体中文
ภาษาไทย
繁體中文
Indonesia
DJ30: Bears fall
2023-05-21
815
Fundamental analysis:
The Dow Jones Index closed down 109.48 points, or 0.33%, at 33,426.43 points on May 19 (Friday). Federal Reserve Chairman Powell took a moderately dovish stance in his speech, contrary to market expectations. He said the Fed may not need to raise rates as much given the tightening credit conditions.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the market is shrouded in bearish sentiment, the short-term short-term momentum has fallen rapidly, and the short-term momentum has continued to move downward. The MACD indicator is in the bullish area, and the RSI indicator maintains a weak position near the 50 balance line;
Resistance level: 33613 33690
Support level: 33419 33345
Trading strategy: bearish below 33530, target 33419 33345
Alternative strategy: call above 33530, target 33613 33690
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
