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DJ30: High position moving up

2022-11-24
1179
Fundamental analysis:

The Dow Jones Index closed up 95.96 points, or 0.28%, at 34194.06 on November 23 (Wednesday); The number of Americans applying for unemployment benefits increased more than expected last week, but this may not mean that there has been a substantial change in the employment market. At present, the employment market is still tense.



Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:

The 4-hour chart shows that the power of the high bulls is slowly rising, the market is bullish, and it continues to move upward in the short term. The MACD index is slowly moving up in the long region, and the RSI index is in the high consolidation in the long region;

Empty turning point: 34185

Pressing: 34375, 34519

Support: 34037, 33904

Trading strategy: bullish above 34185, target 34375, 34519

Alternative strategy: sell below 34185, target 34037, 33904

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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