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Dj30: multi head high pull up

2022-07-29
1215
Fundamental analysis:

The Dow Jones index closed up 329.27 points, or 1.02%, at 32526.86 points on Thursday, July 28; After the Federal Reserve Chairman Powell hinted that he would slow down the interest rate hike at some time, the risk premium of corporate bond spreads once narrowed by 5 basis points, hovering at the lowest level in a month.

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




Technical analysis:


According to the 4-hour chart, the bull momentum maintained a good momentum of shock and rise, and the overall bullish sentiment of the market was shrouded. The MACD index was at the high level of the bull region and moved up, and the RSI index was at the high level of the bull region and remained hovering;


Long short turning point: 32431


Pressing position: 32690, 32834


Support position: 32283, 32112


Trading strategy: bullish above 32431, targets 32690, 32834


Alternative strategies: bearish below 32431, targets 32283, 32112

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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