YM, D1

On the daily chart, the downward movement is in the correction to the middle line of Bollinger bands, the borders of the indicator are narrowed. MACD histogram is in the negative area, keeping the signal to open short positions. Stochastic is in the neutral zone on the border with the overbought zone, the signal line of the oscillator is directed upwards.

YM, H4

On the 4-hour chart, the price is in the upward movement correction, the instrument is trading around the middle line of Bollinger bands. MACD histogram is in the positive area, generating a signal for opening long orders. Stochastic is on the border with the oversold zone, the oscillator lines are directed downwards.

Key levels

Resistance levels: 25357.1, 25567.7, 25720.9, 25871.9.

Support levels: 25073.3, 24896.5, 24764.4, 24522.6, 24362.3, 24121.4.

Trading tips

In the short term, it is relevant to open long positions from the current level with the target at 25567.7 and stop loss 25073.3. Implementation period: 1–3 days.

Short positions can be opened from the level of 24764.4 with the target at 24362.3. Stop loss is 24896.5. Implementation period: 3–5 days.

DJIA index of the American stock exchange

BuySellSpread
24973.524965.580

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point25214.0
Take Profit25567.7
Stop Loss25073.3
Support levels24121.4, 24362.3, 24522.6, 24764.4, 24896.5, 25073.3, 25357.1, 25567.7, 25720.9, 25871.9

Alternative scenario

RecommendationsSELL STOP
Entry Point24764.4
Take Profit24362.3
Stop Loss24896.5
Support levels24121.4, 24362.3, 24522.6, 24764.4, 24896.5, 25073.3, 25357.1, 25567.7, 25720.9, 25871.9
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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