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Dj30: high shock moves up slowly

2022-08-04
1224
Fundamental analysis:

The Dow Jones index closed up 415.83 points, or 1.28%, at 32812.00 on Wednesday, August 3; The U.S. service industry unexpectedly rebounded in July. Ism survey showed that price growth slowed down, and the U.S. service industry unexpectedly rebounded in July. Due to strong order growth, supply bottlenecks and easing price pressures, the view that the economy did not fall into recession (despite the decline in output in the first half of the year) was supported.


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




Technical analysis:


According to the 4-hour chart, the high level maintained a short-term range shock, and the bull power showed signs of waiting for the opportunity to enter. The MACD index was in the consolidation and translation of the bull area, and the RSI index was in the weak consolidation on the upper side of the 50 equilibrium line;


Long short turning point: 32638


Pressing position: 32938, 33115


Support position: 32435, 32268


Trading strategy: bullish above 32638, target 32938, 33115


Alternative strategy: bearish below 32638, targets 32435, 32268

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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