Dow Jones Industrial Average (DJIA) – Let’s look at the index’s key support and resistance analysis for the week of November, 08, 2019, using the weekly chart.
2. The index posted solid gains and held to most of them. So, the support moved to 27,272 which is the 9/20 weekending high.
3. As the index made new high, it will be meaningless to set any arbitrary resistance levels.
4. The index is trading well above the long and short terms 200 & 50 day moving average support levels, as of now.
5. The volume still came in above the average for the week.
Over all the index not only made a new high, but held on to most of the gains. The volume also came heavier as it accumulated.
The NASDAQ and S&P 500 also made nice gains, as their volume also came in heavier for the week, as well.
Though the mega cap growth stocks moving slowly, the mid and small cap stock making nice gains.
So, the index made a new high, can it hold and build additional gains from here?
Around 90+ 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.
