Its Trend(OBV) illustrates a positive divergence along with a squeeze on the Trend(OBV)'s Bollinger Band.
I'm considering these signs of bottom formation.
Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.
Horizontal lines and zones are supports (entry for bulls and exit for...
The price is still trading inside a downward channel, bounce from oversold level and potentially climbing toward upper channel. Make sure to apply SL and TP.
DuPont here looks like it's wanting to breakout so badly. Keeps hitting the $85.50 price ceiling. If it breaks out then I see it going to about $100 pretty easily. I think I might play this name
DD posted good result, mining sector is hot currently, consolidation volume decreased, nice green candle with increased volume. I think its ready to run.
hope you are enjoying my analysis, ideas here are for entertainment and education these are not trading advice
Through my scanning tools I happened across DD which is cyclically down and maybe a nice one to pick up for a 5-12 day swing.
Short volume is down and through backtesting the set up, it looks like returns of 7-10% are possible.
See if you can get it on the pull back a little at the open or maybe it pulls back EOD tomorrow, then hold with target of 7-10%
E.g....
Reward/Risk: 3.77/1
Entry: 71.11 or at a lower price
Stop: 66.50
Target: 88.00
Options Play: April 16 75/80 Call Vertical
Recovery should be a boost for specialty chemicals. This bounce off the monthly low could be the turning point.
