Aurum Markets Blog Technical Analysis Confirmed breakout on DOW 30 1 hour chart

Confirmed breakout on DOW 30 1 hour chart

Confirmed breakout on DOW 30 1 hour chart post thumbnail image

The price of DOW 30 in heading in the direction of 44720.0508. Despite the recent breakout through 44823.4688 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

Supported by Downward sloping Moving Average

Target: 44720.0508 Entry: 44807.07 Stop: 44923.0025

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