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Learn to Evaluate Dow Jones 30 Industrials ($DJI) using the Charts

July 29, 2023, 01:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

Buy DJI slightly over 34255.93 target 35610.95 stop loss @ 34157 Details

The technical summary data tells us to buy DJI near 34255.93 with an upside target of 35610.95. This data also tells us to set a stop loss @ 34157 to protect against excessive loss in case the stock begins to move against the trade. 34255.93 is the first level of support below 35459.3 , and by rule, any test of support is a buy signal. In this case, support 34255.93 is being tested, a buy signal would exist.

Short DJI slightly under 35610.95, target 34255.93, stop loss @ 35713.79 Details

The technical summary data is suggesting a short of DJI as it gets near 35610.95 with a downside target of 34255.93. We should have a stop loss in place at 35713.79though. 35610.95 is the first level of resistance above 35459.3, and by rule, any test of resistance is a short signal. In this case, if resistance 35610.95 is being tested, a short signal would exist.

Swing Trading Plans for DJI

Buy DJI slightly over 35542.98, target 35610.95, Stop Loss @ 35440.33 Details

If 35542.98 begins to break higher, the technical summary data tells us to buy DJI just slightly over 35542.98, with an upside target of 35610.95. The data also tells us to set a stop loss @ 35440.33 in case the stock turns against the trade. 35542.98 is the first level of resistance above 35459.3, and by rule, any break above resistance is a buy signal. In this case, 35542.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short DJI slightly near 35542.98, target 34255.93, Stop Loss @ 35645.63. Details

The technical summary data is suggesting a short of DJI if it tests 35542.98 with a downside target of 34255.93. We should have a stop loss in place at 35645.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35542.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DJI

Buy DJI slightly over 35542.98, target 35610.95, Stop Loss @ 35460.06 Details

If 35542.98 begins to break higher, the technical summary data tells us to buy DJI just slightly over 35542.98, with an upside target of 35610.95. The data also tells us to set a stop loss @ 35460.06 in case the stock turns against the trade. 35542.98 is the first level of resistance above 35459.3, and by rule, any break above resistance is a buy signal. In this case, 35542.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short DJI slightly near 35542.98, target 35446.88, Stop Loss @ 35625.9. Details

The technical summary data is suggesting a short of DJI if it tests 35542.98 with a downside target of 35446.88. We should have a stop loss in place at 35625.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35542.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Dow Jones 30 Industrials (DJI) available here: DJI.

DJI Ratings for July 29:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	32758.85
P2	35446.88	35542.98	34255.93
P3	35617.20	35874.38	35610.95

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AI Generated Signals for DJI

Blue = Current Price
Red= Resistance
Green = Support

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Dow Jones 30 Industrials (NYSE: DJI) report below can help you understand how to do this. The trading plans for DJI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Fundamental Charts for DJI: