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DJ30: Soaring Strongly
2023-04-28
786
Fundamental analysis:
On April 27 (Thursday), the Dow Jones index closed up 524.79 points, or 1.58%, to 33,826.66 points; the first quarter GDP of the US Department of Commerce grew at an annual rate of 1.1%. China's economic growth slowed more than expected in the first quarter as tepid business investment and a pullback in inventories dampened a pick-up in consumer spending.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of the bulls has soared strongly, the market is shrouded in bullish sentiment, the potential of the bulls has exploded, and they are constantly pulling up, and there is no sign of stopping in the short term. The MACD indicator is in the bearish area and maintains a shock upward, and the RSI indicator is hovering above the 50 balance line;
Resistance level: 33955 34009
Support level: 33807 33763
Trading strategy: Bullish above 33863, target 33955 34009
Alternative strategy: bearish below 33863, target 33807 33763
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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