Major resistance for the DJIA Index is 12,800
Major resistance for the Dow Jones Industrial Average (DJIA) is 12,800. The bullish shaven head candlestick indicates that the index has a chance to break resistance but there has to be an increase in the weekly volume to sustain the near-term uptrend.
Reference two previous charts for the DJIA:
- Doji candlestick represents indecision today for the DJIA — Posted Dec 27, 2011
- Near-term resistance is 12,300 on the weekly chart of the DJIA — Posted Dec 23, 2011
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