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DOW JONES Technical analysis 14 May 2018

2018-05-13 11:29 pm | Resource: Technical Analysis | No Views : 172

Time frame Used - four hours
The Dow Jones industrial average30  is moving in a uptrend in the near-term
DOW JONES CHART
the Purchasing power managed to control the movement of the Dow Jones to break through the main downtrend line and the down channel to the upside and breach  level of  24506
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area
Accordingly, we expect that the Dow jones will  target level of  25007 again
 The alternative scenario is that  the Dow Jones break level of  24506  down to target levels of 24338 -24192
Resistance: 24873 – 25007 - 25140
Support: 24506-24338-24192
Direction: Up
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