DJIA
DJIA
Trend line breakout situation has been witnessed.
RSI > 50 but showing minor negative divergence as it exited the overbought zone.
Price rise currently not support by rise in RSI.
Trend line breakout may take DJIA to 33800-34200 range which is marked
with horizontal line.
Overall as long as 31800 is not violated, volatility, correction and consolidation above 31800
will help to build a rise to 35400 and 36900.
Support could get generated in case of fall back to trend line for minor correction and consolidation.
Expect DJIA to move higher to test 33800-34200 in near term with volatility.
Trend line breakout situation has been witnessed.
RSI > 50 but showing minor negative divergence as it exited the overbought zone.
Price rise currently not support by rise in RSI.
Trend line breakout may take DJIA to 33800-34200 range which is marked
with horizontal line.
Overall as long as 31800 is not violated, volatility, correction and consolidation above 31800
will help to build a rise to 35400 and 36900.
Support could get generated in case of fall back to trend line for minor correction and consolidation.
Expect DJIA to move higher to test 33800-34200 in near term with volatility.
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