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DJ30: low shock

2023-02-28
926
Fundamental analysis:

The Dow Jones index closed up 72.37 points, or 0.22%, at 32,889.29 points on Monday, February 27; business equipment orders for U.S. factories saw the largest increase in five months, indicating that despite high borrowing costs, economic uncertainty lingers , but companies continue to make longer-term capital investments.

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



Brief technical analysis:

Looking at the 4-hour chart: short-term lows fluctuate within a narrow range, and the bulls have signs of waiting for opportunities to enter the market. In the short term, they will maintain consolidation. The MACD indicator is in the bearish area and slowly rising, and the RSI indicator is under the 50 balance line for consolidation;

Long and short turning point: 32860

Press: 33032, 33151
Support: 32731, 32629

Trading strategy: Bullish above 32860, target 33032, 33151
Alternative strategy: bearish below 32860, target 32731, 32629

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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