Current price: 39104
Key point: 38915
Our preferred direction: Buy positions above 38915 levels with 39400 as a first target and then 39700 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 38915 level, targeting the 38400 levels.
Technical commentary
The Dow Jones index rose strongly during last week's trading, achieving about 1.70%. After rising from the support levels of 38340 and above the 200 moving average and rebounding from the lower limit of the rising price channel from the bottom of last November. By remaining above the levels of 39110, it targets the levels of 39400.
