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DJ30: Bulls keep climbing
2022-10-05
1172
Fundamental analysis:
The Dow Jones Index closed up 826.09 points, or 2.80%, at 30316.98 on October 4 (Tuesday); According to a new survey by KPMG, an accounting firm, the U.S. Capitol Hill reported that 86% of the world's chief executives expect the economy to decline next year.
Dow Jones DJ30 - 4-hour K chart shows:
Technical analysis:
The 4-hour chart shows that the bulls' momentum continues to fluctuate, and short-term bullish sentiment continues to pour in. The MACD indicator stays in the bulls' area and keeps sorting up, while the RSI indicator stays in the bulls' area and hovers at a high level;
Empty turning point: 30275
Pressing position: 30535, 30714
Support position: 30070, 29825
Trading strategy: bullish above 30275, target 30535, 30714
Alternative strategy: sell below 30275, target 30070, 29825
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.
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