Dow Jones Industrial Average (DJIA) – Let’s look at the index’s key support and resistance analysis for the week of September, 20, 2019, using the weekly chart.
2. Though the index posted little over 1% loss, the support still resides around 26,602 which is the 4/18 weekending high.
3. The resistance also not changed. It’s still at 27,334 which is the 7/12 weekending high.
4. The index continue to trade well above the key 50 day moving average support line which is a much needed support line, for the current up trend to find any meaningful leg.
5. The overall trading volume appears to be picked up, as well.
Over all the index ended the week with manageable losses. The trading volume also picked up, as well which is less concerning ,as it was partially inflated due to the quadruple witching day on Friday. The leading growth stocks continue to stay put, so the index?
Around 22+ 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.
