Stock index Dow Jones continue to move within the growth and the upward channel. At the time of the publication of the forecast, the index is trading at 26472. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 26255. Where should we expect a rebound and continued growth of the Dow Jones stock index in the area above the level of 26745.
Dow Jones Index Forecast and Analysis April 26, 2019
In favor of the growth of quotations of the stock index will test the rising trend line on the index (RSI). The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth of quotations of the index will fall and the breakdown of the area 26110. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of Dow Jones with a target below 25450. Wait for confirmation of the growth of quotations Dow Jones stands with the breakdown of the resistance area and closing above the level of 26840.
Dow Jones Index Forecast and Analysis April 26, 2019 implies an attempt to test the lower boundary of the channel near the area of 26255. Then, continued growth to the area above the level of 26745. In favor of raising the Dow Jones quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the growth option will be the fall and the breakdown of the area 26110. This will indicate a continuation of the fall with the goal below the level of 25450.
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