DuPont wants to hit the 50 DMA too indicated by the purple box there.
Pretty weak dojis leading this current rally up, could call today’s candle a shooting star.
Nice random spot kind of start of this current rally shows 50% retracement right into the 50 DMA also.
see full chart at www.tradingview.com
Target 1 $49
Looks like we are getting sector rotation from tech to industrial and other beat up stocks.
If we contain to maintain bullishness in the market, this could be a big runner.
The Dow Chemical Company (TDCC) is an American multinational chemical corporation...
XLB (Materials ETF) has been consolidating for weeks and looks like it's getting ready to make a move higher. With Squeezes on both the Weekly and Daily Chart this looks like a 'set it and forget it' type trade:
In a perfect world, I'll be looking for a pullback tomorrow where I can pick up the 58/57 Put Credit...
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...
DD has recently broken out, and seems to be in the process of it's own 3rd wave movement upwards. According to GuruFocus, the latest major guru trades have been buys with no sells. So the stock likely has some further upside potential thanks to the large shareholdings by certain major investors other than insiders. This would give further credence to the notion...
Du Pont trades currently within macro uncertainty - between 10-year (now at 46) and 5-year (now at 54) moving averages. Thus Du Pont has no trend long term basis at the moment.
On short term basis, however, price is trading below 1st standard deviations from 1-year (now at 59) an quarterly (now at 51) means, thus showing a clear risk to more downside, unless...