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DOW JONES Technical analysis 9 November 2018

2018-11-08 11:06 pm | Resource: Technical Analysis | No Views : 59

Time frame Used - four hours
The Dow Jones industrial average 30  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 through the resistance level 25871 to reach the level of 26279 where it facing selling pressure around this level
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 levels of  26562-26952
  The alternative scenario is that the Dow Jones break level of  26000 down will push the Dow down below the 25871 level
Resistance: 26562 -26952 - 27000
Support: 25871-25403-25100
Direction: Up
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