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Dow: strong pull up

2022-06-27
1266
Fundamental analysis:

The Dow Jones index closed up 826.35 points, or 2.69%, at 31503.71 points on Friday, June 24. According to the data released by the U.S. Census Bureau on June 24 local time, the sales of new homes in the United States in May increased by 10.7% after seasonal adjustment.



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




Technical analysis:


According to the 4-hour chart, the bull power continues to pull up strongly near the upper track of the Bollinger belt index, and the short-term bull upward trend may continue. The Bollinger belt index continues to open its mouth, the MACD index is in the process of moving up in the long region, and the RSI index is in the process of pulling up in the long region;


Multi empty turning point: 31384


Pressing position: 31749, 31966


Support position: 31153, 30902


Trading strategy: bullish above 31384, target 31749, 31966


Alternative strategy: 31384 bearish below, target 31153, 30902

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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