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DJ30: high level finishing

2022-11-28
1223
Fundamental analysis:
The Dow Jones Industrial Average closed up 152.97 points, or 0.45%, at 34,347.03 points, up 1.78% this week. Goldman economists say the U.S. should narrowly avoid a recession as core PCE inflation slows from 5% now to 3% by the end of 2023 and unemployment rises by 0.5%.

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



A brief technical analysis:
From the 4-hour chart: the bullish momentum maintains a high level and moves up slowly, the short-term bullish sentiment remains the same, the MACD indicator is in the bullish area and maintains the consolidation and translation, and the RSI indicator is hovering at a high level in the bullish area;
Long and short turning point: 34315
Suppression: 34524, 34665
Support: 34184, 34037
Trading strategy: bullish above 34315, target 34524, 34665
Alternative strategy: bearish below 34315, target 34184, 34037

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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