Du Pont, new bearish correction

An upward trend, which used to be a prevailing one is close to a revearsal. To prove this idea we use Chaikin Oscillator . It proves that the tendency is one step from a turn. The previous pick on the oscillator graph compared with the curent one used to be higher while the previous pick on the main graph is lower at the same time. Moreover, the fall of two recent days is connected with the resistance line, which had been reached. I suppose that it is an alert for short trading. The price has a fall potential of 2,5%. However, we should take into consideration the fact that tomorrow the company is going to publish its financials. If we face positive figures, than the stocks might rise. I believe if an upward trend appeares, it won't continue for a long period if time. Afterward we will see a downstream.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out