US30 Stock Price Expected to Plummet

US30 Analysis – March 8

US30 stock is expected to plummet as the resistance level of 34430.00 proves to be too strong. After failing to reach the target of 36000.00, the stock price has plummeted to its support level of 32830.00, with the potential for a further drop to 29280.00. Investors should take note of the market trend, which indicates a neutral long-term trend and a neutral short-term trend.

US 30 Significant Levels:

Resistance Levels – 34430.00, 36850.00
Support Levels – 32830.00.

US 30 Long-Term Trend: Ranging

Although the Moving Average period 50 (MA) line in the daily chart indicates a buy, the 15 and 30 Relative Strength Index (RSI) are indicating a sell, suggesting a tough consolidation between the support and resistance levels. A sell-off on February 17th caused the market to plummet directly toward the support level. The rejection at the significant resistance level is further confirmed by the 15 and 30 RSI and MA period 50.

Investors should be cautious in their approach, as the US 30 stock price is expected to continue its decline below the support level. The implications for investors and market trends are significant, as a major decline in the US 30 stock price can have a ripple effect on other markets and economies.

US 30 Short-Term Trend: Bearish

The strong support level in the H4 chart has delayed the inevitable decline, but the failed attempt to push the market further upwards has led to a sharp decline in the stock price, causing it to linger around the support area. The 15 and 30 RSI indicate a change in trend from the previous uptrend, along with the MA period 50.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.