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DOW JONES Technical analysis 21 September 2018

2018-09-20 11:13 pm | Resource: Technical Analysis | No Views : 62

Time frame Used - four hours
The Dow Jones industrial average is moving in a bullish direction in the near term
DOW JONES CHART
The purchasing power managed to control the movement of the Dow Jones to break the resistance level around the level of 26154 to reach the level of 26704
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 test the 26750 level
  The alternative scenario is that the Dow Jones decline to level of  26450
Resistance: 26750 - 26850 - 27000
Support: 264550-26450-26300
Support: 26154 - 25955 – 25798
Direction: Up
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