YM, D1

On the D1 chart, the instrument grows along the upper border of Bollinger Bands, the uptrend is still relevant. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is in the neutral zone, moving towards the border with the overbought zone; the oscillator lines are directed upwards.

YM, H4

On H4 chart, the instrument is growing along the upper border of Bollinger Bands. MACD histogram is in the positive area, gradually gaining volumes. The signal line is crossing the body of the histogram from below giving a signal for opening long positions. Stochastic is near the overbought area, the signal lines are directed horizontally.

Key levels

Support levels: 26148.0, 26063.0, 26014.0, 25921.0, 25833.0, 25748.0.

Resistance levels: 26226.0, 26326.0.

Trading tips

According to technical indicators, long positions could be opened from the current level with the target at 26326.0 and stop loss at 26148.0. Implementation time: 1-3 days.

Short positions may be opened from the level of 26014.0 with the target at 25921.0 and stop-loss at 26063.0. Implementation time: 3-5 days.

DJIA index of the American stock exchange

BuySellSpread
264452643960

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point26188.0
Take Profit26326.0
Stop Loss26148.0
Support levels26148.0, 26063.0, 26014.0, 25921.0, 25833.0, 25748.0, 26226.0, 26326.0

Alternative scenario

RecommendationsSELL STOP
Entry Point26014.0
Take Profit25921.0
Stop Loss26063.0
Support levels26148.0, 26063.0, 26014.0, 25921.0, 25833.0, 25748.0, 26226.0, 26326.0
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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