Long
US30 : Intraweek Technical Analysis
US30 was in a choppy mode last week. It was hovering between 34000 and 33400 with false breakdowns towards 33300. The market made an abrupt recovery after Meta’s more then expected financial results. But all the gains were wiped away the next day after Amazon’s lower than expected financial results. The company declared loss for the first time. Now all eyes are on Warren Buffet’s Berkshire Hathway financials expected to be announce this week. My idea is that the market will move for recovery in coming week. But before that the market may test the support of 32500 once more. My target for next week is entry at 33000 and 32500 after the confirmation of reversal of trend. My goal for next week will be the resistance of 34000.
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If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.