Trader_97

EARLY TOP FORMATION IN DOW OR MORE UPSIDE TO COME ??

NYSE:DOW   DOW CHEMICAL COMPANY (THE)
12 0 0
WE FOUND SUPORT AT 49.95 - 50.00 AREA LAST WEEK ON DOW THOUGH IT IS A NICE ENGULFING BAR ON A DAILY TIME FRAME.UPSIDE MAYBE LIMITED IF WE FAIL TO BREAK ABOVE THE RESISTANCE AT 52.50 AREA.A BELOW 49.90 AREA AND WE MAY SEE 48.20 SUPPORT LEVEL COME INTO PLAY AND BELOW THAT WE HAVE SOME SUPPORT AT 46.70 AREA
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