Markets

Dow Jones The Bears Show Up – Columns

Thursday,
December 10, 2020
16:01

from onemarkets blog

| Views: 358

The Dow Jones Industrial Average® recently failed to break free from the bearish wedge in the chart. An attempt by the cops to break out failed miserably yesterday. The index was sold to the support at 29,964 points.This support was already considered important in the last analysis. A break in this mark would also mean a slip from the wedge to the bottom. Such a sell signal based on the daily closing price could open the floodgates to the south, with targets at 29,569, 29,199 and 28,958 to 28,892 points. At the latter price level, not only is the breakout level from November, the EMA50 is now also running there.

On the upper side, the upper edge of the wedge at currently 30,300 points also serves as a good orientation mark. A break out of the wedge would unlock the potential to 30,620 points.

Dow Jones Industrial Average® Index in points on the daily chart; 1 candle = 1 day (logical candle chart display)

old
Observation period: October 6th, 2020 – December 9th, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Dow Jones Industrial Average® Index in points on the monthly chart; 1 candle = 1 month (logical candle chart display)

old
Observation period: 01.12.2015 – 09.12.2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Investment opportunities

Turbo Bull on Dow Jones Industrial Average® Index for speculation that the index will rise

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation day
Dow Jones® Index HR2LVQ 49.15 24,050.00 5.03 01/29/2021
Dow Jones® Index HR36XM 23.76 27,150.00 10.41 01/29/2021
Source: HypoVereinsbank onemarkets; As of: December 10th, 2020; 3:18 pm

Turbo Bear on the Dow Jones Industrial Average® Index for speculation that the index may lose value

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation day
DowJones® Index HR4246 41.17 34,800.00 6.00 01/29/2021
DowJones® Index HR2EBW 25.93 33,000.00 9.55 01/29/2021
Source: HypoVereinsbank onemarkets; As of: December 10th, 2020; 3:20 pm

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The contribution Dow Jones – The bears show themselves first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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