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09-02-2022 DJIA Technicals

March 4, 2024September 2, 2022 by Doug Sooley

The DJIA staged a large outside day reversal down to close near the lows of the day and a new low close for the current decline. The daily chart has reached deeply oversold conditions and prices still need to hold the last gasp area of support at 30810-30680. This area represents a 75-80% pullback from …

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Categories Technical Analysis Tags dow jones, stocks, technical analysis
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