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DJ30: high shock

2022-12-05
1159
Fundamental analysis:
The Dow Jones Industrial Average closed up 34.87 points, or 0.10%, to 34429.88 points, up 0.24% this week. The seasonally adjusted non-agricultural employment population in the United States in November was 263,000, exceeding market expectations. The seasonally adjusted non-agricultural employment population in the United States ended the three consecutive months of decline.

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



Brief technical analysis:
Looking at the 4-hour chart: After a high and wide range of shocks, it has risen rapidly, and the market’s bulls are waiting for an opportunity to enter the market. The MACD indicator is in the bullish zone, and the RSI indicator is hovering above the 50 balance line;
Long and short turning point: 34427
Compression: 34552, 34648
Support: 34320, 34219
Trading strategy: Bullish above 34427, target 34552, 34648
Alternative strategy: bearish below 34427, target 34320, 34219

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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