Dow Inc. Stock Code DOW.NYS
Outlook
Price broke above the cloud in the previous trading session and closed above the cloud, triggering a bullish reversal. Price also created an Ichimoku V-shaped reversal with a price target at $69.09. A price projection using the E price projection has a price target at $73.71 Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago but is below the cloud at the moment. MACD is bullish after a bullish crossover over and is moving higher, hinting of a bullish price trend. If price is able to stay above the cloud, it could be heading towards the resistance at $70.00.
Strategy
$64.70 Buy
$70.00 Price Target
$62.05 Risk Management Stop
2 weeks Trade Duration
