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DJ30: Bulls soar

2023-04-30
838
Fundamental analysis:

On April 28 (Friday), the Dow Jones index closed up 272.79 points, or 0.81%, to 34098.95 points; the US Federal Deposit Insurance Corporation (FDIC) is ready to take over the First Republic Bank immediately. The banking regulator has determined that the region's banks have deteriorated and there is no more time to implement a private-sector rescue.

Dow Jones DJ30 - 4-hour K-line chart shows:



Brief technical analysis:

The 4-hour chart: The bullish momentum is soaring strongly, the short-term market is shrouded in bullish sentiment, and there is no sign of stopping, the previous high is close at hand, and the breakout is imminent, the MACD indicator is on the 0 axis and continues to rise, and the RSI indicator is at the 50 balance line. ;

Resistance level: 34254 34307

Support level: 34116 34065

Trading strategy: Bullish above 34169, target 34254 34307
Alternative strategy: bearish below 34169, target 34116 34065

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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