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Dow Jones Industrial Average: high continued to rise

2022-07-22
1145
Fundamental analysis:

The Dow Jones index closed up 161.93 points, or 0.51%, at 32036.77 on Thursday, July 21; The outlook of manufacturers in Philadelphia for the business situation fell to the lowest level since 1979 this month, and the indicators of new orders and capital expenditure plans deteriorated in the future.


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




Technical analysis:


According to the 4-hour chart, the Bulls' momentum maintained a concussion and rise, and the high and narrow range were adjusted and then pulled up again. The MACD index was in the high level adjustment and translation of the long region, and the RSI index was in the long region and remained in a narrow range;


Long short turning point: 31919


Pressing position: 32155, 32292


Support position: 31787, 31665


Trading strategy: bullish above 31919, targets 32155, 32292


Alternative strategies: bearish below 31919, targets 31787, 31665

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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