YM, D1

On the daily chart, the instrument is mowing within the sideways channel formed by the upper border and the midline of Bollinger bands. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic in the neutral zone and is directed downwards.

YM, H4

On the 4-hour chart, the instrument was corrected to the midline of Bollinger bands. MACD histogram is in the area of the zero line, its volumes are minimal, the signal line moves horizontally along the zero line. Stochastic in the neutral zone, the signal line is directed upwards.

Key Levels

Resistance levels: 24791.0, 24916.8, 25080.9.

Support levels: 24595.5, 24307.7, 23537.6.

Trading tips

Short positions can be opened from the current level with the target at 24595.5 and stop loss 24877.6.

Long positions can be opened from the level 24959.9 with the target at 25080.9. Stop loss is 24844.7.

Implementation period: 3–5 days.

DJIA index of the American stock exchange

BuySellSpread
25188.925185.138

Scenario

TimeframeWeekly
RecommendationsSELL
Entry Point24760.0
Take Profit24595.5
Stop Loss24877.6
Support levels23537.6, 24307.7, 24595.5, 24791.0, 24916.8, 25080.9

Alternative scenario

RecommendationsBUY STOP
Entry Point24959.9
Take Profit25080.9
Stop Loss24844.7
Support levels23537.6, 24307.7, 24595.5, 24791.0, 24916.8, 25080.9
YM: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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