DOW JONES: WEEKLY SCENARIO – 15 February 2022

Technical Analysis

DOW JONES  Price Technical Analysis: Weekly Chart

DOW JONES  Price Technical Analysis
  • In the weekly charts , Dow Jones is trading in an upward channel.
  •  Dow Jones  is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  •  Dow Jones  will follow an uptrend in the coming weeks.
  • The S&P 500  crucial support level is at 34,509  Dow Jones which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on  Dow Jones  .

TRADE SIGNAL- DOW JONES– Buy: 34,770.80, TARGET:-35,770.30, STOP LOSS:- 34,270.55.

About Author

Related posts

Leave a Reply