Dow Jones Industrial Average (DJIA) – Let’s look at the index’s key support and resistance analysis for the week of November, 29, 2019, using the weekly chart.
2. As the index posted mild gains for the week, the support remains at 27,399 which is the 7/19 weekending high.
3. Though the index made a new high, as it still closed below the last week resistance levels, the resistance remains at 28,090 for, now.
4. The index still trading well above the short term support line 50 day moving average (DMA).
5. It also trading well above the 200 DMA which is the long term support line.
6. The volume came in lower for the week without any surprise as it’s the holiday week.
Over all the index did good even though it posted mild gains for the week. It still ended in green for the week even after Friday’s loss.
The NASDAQ and S&P 500 posted nice gains for the week though. It was around +1.71% for the NASDAQ.
Leading growth stock had a nice week, as well. So, overall other growth stocks.
So, the line of least resistance remains upwards and yet to be broken. So, let see the index clear the resistance and make a new high.
Around 116+ stocks posting over 5% gains in the Top Gainers – Growth Stocks Picks, as of this week.
Also do not forget to checkout the Stock Charts Gallery of annotated growth stock charts.
