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 26546. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 26235. Where can we expect a rebound and continued growth of quotations of the Dow Jones stock exchange index to the area above the level of 26825.
Dow Jones Index Forecast and Analysis April 30, 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 a breakdown of the 26050 area. 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 26855.
Dow Jones Index Forecast and Analysis April 30, 2019 suggests an attempt to test the lower boundary of the channel near the 26235 area. Then, the growth will continue to the area above the 26825 level. The trend line on the relative strength index (RSI) will be used to lift the Dow Jones quotes. Cancellation of the growth option will be the fall and the breakdown of the 26050 area. This will indicate a continuation of the fall with the target below the level of 25450.
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