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Dj30: multi head high lift

2022-08-01
1209
Fundamental analysis:

The Dow Jones index closed up 316.82 points, or 0.97%, at 32846.45 on Friday, July 29; The final value of the University of Michigan consumer confidence index in July: the expected index for this month fell to 47.3 from 47.5 in June, the lowest since 1980.


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




Technical analysis:


According to the 4-hour chart, the momentum of high-level bulls has maintained a good momentum of concussion and rise, and the short-term upward trend may continue. MACD index is hovering at the high level of the bull region, and RSI index is in the high overbought area, finishing near the 80 equilibrium line;


Long short turning point: 32734


Pressing position: 32986, 33140


Support position: 32539, 32339


Trading strategy: bullish above 32734, target 32986, 33140


Alternative strategy: bearish below 32734, target 32539, 32339

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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