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Monday, April 25, 2016

Update on DOW 30 25 April 2015







DOW 30 has been in a bull run for long term as analyzed and opened positively and continued its trend as it opened at 17985 and from there made high of 18026 before closing at 18003 with 21 points to DOW 30 with 0.12% increase to the index.

Dow 30 has immediate resistance at 18106.If this is breached positively and sustained one see Next resistance at 18160.

This is unlikely to be tested in short term as DOW 30 may see some correction at upper Bollinger band limit.
Support intact at 17940.If this is not sustained one see next support at 17886-17830.

RSI of 65 suggest that more buyers can enter into DOW 30 if current bull trend continues among global and economic conditions.

MACD of -2.14 suggest that for short term correction is eminent and may see  some profit taking in for short term.






More will update soon!!