CFD Trading – Buy Dow Inc. (DOW.NYS) @ $50.05. Stop @ 47.45 and Target @ $55.65.

Dow Inc. Stock Code DOW.NYS


Price broke above the cloud on 10 November and reached a high of $55.67. Price went into a correction after reaching this high. However during the correction, price was supported by the cloud, keeping the uptrend intact. Conversion line and Base line remain in a bullish crossover and is hinting at 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 with both its lines above the zero line. If price can stay above the cloud, it could be heading towards the previous resistance high at $55.57 in the next 2-3 weeks.


$50.05                Buy

$55.65                Price Target

$47.45                Risk Management Stop

3 weeks              Trade Duration

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