Tag: DOW Inc.

Dow Inc. Stock Code DOW.NYS

Outlook

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.

Strategy                  

$50.05                Buy

$55.65                Price Target

$47.45                Risk Management Stop

3 weeks              Trade Duration

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

 

DOW Inc. Stock Code DOW.NYS

Outlook
Price managed to stay above the cloud during a price correction keeping this uptrend intact. In the previous trading session, price broke above a recent high, creating an Ichimoku reversal with a 3E price projection target at $76. 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 and above the cloud, confirming the bullish price trend.  MACD is bullish with a bullish crossover and moving higher.

Strategy                  
$65.45                Buy
$75.90                Price Target
$60.40                Risk Management Stop
3 weeks              Trade Duration