Technical Review of INDU Stocks

INDU – The Jan 2022 downtrend channel breakout hints at bottom. Two bullish head and shoulders bottoms also suggest potential breakouts. Breakouts above the necklines confirm an INDU reversal and targets toward 37,995 and 40,764.

RRG study shows neutral to weakening rotations with 12 INDU stocks in the Leading and Improving Quadrants and 18 INDU stocks in the Weakening and Lagging Quadrants.

To view the entire report, go to the Reports tab on the website or click the following:

https://www.leebullbear.com/_files/ugd/f8f1c6_ad4aaacb425e4120a4799f4414ea4f70.pdf

Source: Charts courtesy of StockCharts.com

Source: Charts courtesy of StockCharts.com