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DJ30: low down

2023-04-27
805
Fundamental analysis:

The Dow Jones Index closed down 229.16 points, or 0.68%, at 33301.67 points on April 26 (Wednesday). The revised figure was the lowest since February 2021.

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



Brief technical analysis:

Looking at the 4-hour chart: the lows fell sharply, the short-term decline may continue, the market as a whole is in a bearish mood, the MACD indicator is in the bearish zone and continues to decline, and the RSI indicator is in the bearish zone to maintain consolidation;

Resistance level: 33531 33594

Support level: 33386 33333

Trading strategy: bearish below 33473, target 33386 33333
Alternative strategy: call above 33473, target 33531 33594

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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