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Dj30: low bulls surging up

2022-08-26
1219
Fundamental analysis:

The Dow Jones index closed up 324.43 points, or 0.98%, at 33293.66 points on Thursday, August 25; Boosted by the rise of NVIDIA and other technology related stocks, investors focused on the Jackson hall meeting of the Federal Reserve to find clues about the policy outlook of the Federal Reserve.



Dow Jones index dj30 - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the power of low-level bulls keeps moving upward in a wide range, and the short-term Bulls' upward trend may continue. The MACD index keeps moving upward in the short area, and the RSI index is weak near the 50 equilibrium line;


Long and short turning point: 33167


Pressing position: 33325, 33430


Support position: 33056, 32961


Trading strategy: bullish above 33167, targets 33325 and 33430


Alternative strategy: bearish below 33167, targets 33056 and 32961

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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