DOW - Inverse head & shoulder attracts
DOW30 - Intraday - We look to Buy a break of 24050 (stop at 23970)
2 consecutive positive sessions have been posted. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. We look for a temporary move higher. A Morning Star formation has been posted at the low. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 24050, which will confirm the bullish sentiment.
Our profit targets will be 24290 and 24400
Resistance: 24045 / 24300 / 24400
Support: 24600 / 23775 / 23600
2 consecutive positive sessions have been posted. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. We look for a temporary move higher. A Morning Star formation has been posted at the low. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 24050, which will confirm the bullish sentiment.
Our profit targets will be 24290 and 24400
Resistance: 24045 / 24300 / 24400
Support: 24600 / 23775 / 23600
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