RESUME & VIEW – DOW IS ON THE WAY TO BREAKOUT OF 15550 ALL TIME HIGH RESISTANCE. IT FALL FOR A CORRECTION FROM THAT LEVEL IN THE END OF MAY BEEN IN VERY OVERBOUGHT CONDITION, THUS HAVEN’T THE POWER TO ESCAPE THE PROJECTED CHANNEL. SO, IT REVERSED FOR A CORRECTION WITH TEST OF 14300 SUPPORT, THEN BOUNCED FROM THERE STRONG TO THE UPSIDE. EMERGING ABOVE 15550 RESISTANCE WILL BRING A FAST TEST OF 16000 PSYCHOLOGICAL LEVEL TEST. THE SUPPORT FOR A BREAKOUT IS AT 15350.

RESISTANCES:

Minor – 16000

Moderate – 15550

Strong –

PIVOT POINT – 15440

SUPPORTS:

Minor – 15350

Moderate – 15000 | 14770 | 14500

Strong – 

Situation Chart:

Share

By Mihail Mihaylov

Independent Capital Markets Trader / Equity Research Analyst. Swing to Long term.

Leave a Reply