Aurum Markets Blog Technical Analysis DOW 30 approaching resistance of a Channel Up

DOW 30 approaching resistance of a Channel Up

DOW 30 approaching resistance of a Channel Up post thumbnail image

DOW 30 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If DOW 30 continues in its current trajectory, we could see it reach 44593.0319 within the next 2 days.

Supported by Upward sloping Moving Average

Target: 44593.0319 Entry: 44168.92 Stop: 43920.44

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