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Dow Jones – Reversal on Friday – Columns

Monday,
December 14, 2020
15:29

from onemarkets blog

| Views: 167

The Dow Jones Industrial Average® initially fell back significantly on Friday, breaking through the supports at 29,964 points as well as the lower limit of the wedge formation described several times. But instead of really cranking it up, the sellers gave in as trading continued, with which the bulls achieved a positive daily reversal. The index is building on this today and should open the week on a friendly basis. Within the wedge, however, the Dow Jones Industrial Average® can at best be rated neutrally. Only an outbreak to the top unlocks further potential. In today’s trading, the upper limit is around 30,340 points. If the index rises above this, potential in the direction of 30,620 points could be derived over the course of a few days.

A break in the lower edge of the wedge based on the daily closing price, but above all prices below the Friday low at 29,820 points, could open the floodgates to the south, with targets at 29,569, 29,199 and 28,958 to 28,892 points. The breakout level from November is at the latter price level.

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

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Observation period: November 4th, 2020 – December 11th, 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: December 1st, 2015 – December 11th, 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 51.78 24,050.00 4.81 01/29/2021
Dow Jones® Index HR36XM 26.35 27,150.00 9.45 01/29/2021
Source: HypoVereinsbank onemarkets; Status: December 14, 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 38.15 34,800.00 6.52 01/29/2021
DowJones® Index HR2EBW 23.14 33,000.00 10.78 01/29/2021
Source: HypoVereinsbank onemarkets; Status: December 14, 2020; 3:20 pm

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The post Dow Jones – Reversal on Friday 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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