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DOW JONES Technical analysis 15 May 2018

2018-05-15 05:34 am | Resource: Technical Analysis | No Views : 93

Time frame Used - four hours
The Dow Jones industrial average30  is moving in a uptrend in the near-term
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  25007 To achieve the first bullish target
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area and decline to downside
Accordingly, we expect that the Dow jones will  retreat  level of  24506 again
 The alternative scenario is that  the Dow Jones break level of  24506  down to target levels of 24338 -24192
Resistance: 25007 -25140 - 25367
Support: 24873 - 24506 - 24338
Direction: Up
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