Friday, November 21
DJIA Technical Analysis 21st Nov
Posted by
Kay
at
Friday, November 21, 2008
DJIA broke out of the support region of around 8219 after a drop of -444.99 points or -5.56 % in terms of percentage and closed at 7552.29.
I took a look at the technical chart using Yahoo finance as Chartnexus only displayed two years of data. The region of around 7600 has been an interesting area since important support areas in the past had been found there. This corresponded to the closing level of 7640.25 on the 31st August of 1998 and 7528.4 on the 22nd September of 2002. Currently, DJIA is hovering slightly above this region so it will be good to take note if this support region can hold.
DJIA broke out of the support region of around 8219 after a drop of -444.99 points or -5.56 % in terms of percentage and closed at 7552.29.
I took a look at the technical chart using Yahoo finance as Chartnexus only displayed two years of data. The region of around 7600 has been an interesting area since important support areas in the past had been found there. This corresponded to the closing level of 7640.25 on the 31st August of 1998 and 7528.4 on the 22nd September of 2002. Currently, DJIA is hovering slightly above this region so it will be good to take note if this support region can hold.
Labels:
DJIA,
Technical Analysis
Subscribe to:
Post Comments (Atom)
0|comments
Post a Comment