Stock index Dow Jones continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the index is trading at 23303. Moving averages indicate the presence of a bullish trend in the index. At the moment, we should expect an attempt to develop a correction of quotes and a test of the support level near the area of 22305. Further, a rebound and continued growth of quotations of the Dow Jones stock index is expected to go above 26255.
Dow Jones Index Forecast and Analysis April 14, 2020
In favor of the growth of quotations of the stock index on April 14, 2020, a test of the rising support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option for the index quotes will be a fall and a breakdown of the area of 21055. This will indicate a breakdown of the support level and a continued fall of the Dow Jones with a target below the level of 19405. Expect acceleration of the growth of quotes Dow Jones is with the breakdown of the resistance area and closing above 23505.
Dow Jones Index Forecast and Analysis April 14, 2020 suggests an attempt to test the support level near the area of 22305. Then, continued growth to the area above the level of 26255. A test of the trend line on the relative strength index (RSI) will speak in favor of raising Dow Jones quotes. Cancellation of the growth option will be a fall and a breakdown of the area of 21055. This will indicate a continued decline with a target below the level of 19405.
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