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DJ30: short-term pull up

2023-04-25
811
Fundamental analysis:

The Dow Jones index closed up 66.96 points, or 0.20%, at 33,875.92 points on April 24 (Monday). Investors will wait for this week's U.S. economic data to understand the Fed's next possible move.

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



Brief technical analysis:

Looking at the 4-hour chart: After a short-term narrow-range adjustment, it pulled upwards, and the market’s bullish sentiment began to emerge. The MACD indicator hovered below the 0 axis, and the RSI indicator was in a weak order above the 50 balance line;

Resistance: 34063 34124

Support level: 33903 33833

Trading strategy: Bullish above 33973, target 34063 34124
Alternative strategy: bearish below 33973, target 33903 33833

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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