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Best Opportunities, Vision and Technical Analysis for The DOW JONES 8 April 2019

2019-04-07 11:35 pm | Resource: Technical Analysis | No Views : 213

We offer you the analysis of the Dow Jones Industrial Average30 on Monday, April 8, 2019, with the most important forecast for the Dow Jones US market.
Time frame Used - four hours
The Dow Jones industrial average is moving in a bullish direction in the near term.
The Dow jones faced resistance and selling pressure around the 26494 level to reverse by the selling pressure as the bears managed to push the Dow jones lower.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area and a negative divergence between the indices and prices.
Accordingly, we expect that the Dow jones will retreat to 26245 – 26112 levels again.
The alternative scenario is that the Dow Jones target level of  26650.
Resistance: 26494 -26650 - 26750
Support: 26245-26112-26000
Direction: Up
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