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Technical trade note on Wall Street 30

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Barry Dumas
Technical-Trade-Note

With earnings season in full swing I will be looking to buy Wall Street 30 if we see a daily close above the 25225 price level.

Technical outlook: the price is currently trading above the 50 simple moving average (SMA) which supports the price moving higher. The price has also broken out of down ward resistance (red dotted) line and might move higher.

Trade: Wall Street 30

  • Entry (Buy): 25225
  • Stop loss: 24987
  • Target price 1: 25450
  • Target price 2: 25709
Wall Street

Source: Bloomberg

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