MID-TERM: Support/resistance flip with 4hr classic bullish divergence and daily hidden bullish divergence developing
DD has just ended its decline at.50 pullback watch for a very sharp rally back up to above 80 plus
Trade-entry successfully executed. Cyclical continuation. Long-term macro channel bottom intact since 1982. Earnings coming up on Tuesday. Divestment of non-core business is a good thing. Target #1: $80.95 Target #2: $85.05 Target #3: $109.50
notes from BoA Global Research: "In order for the split-off to close fully subscribed, DD needs nearly 197mn shares to tender. Much of this volume will come via merger arbitrage investors, which we estimate may have already purchased 170mn shares, the bulk of which has come since the formal tender launch on 31 Dec ‘20. Of course the deal could be oversubscribed,...
$DD DuPont - Overbought at $85 resistance. Volume declining. Expect mean reversion to take hold shortly. Near Term Target: $72-$76 range NOTE: This is NOT investment advice.
DD cmp -57.6 Cup and handle breakout targets - 59,63,74 stoploss- 54 on closing basis
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. Bingo
Cup and handle is forming Old R overhead with all time high at 109.71 ABC bullish with targets listed for each Cup and handle patterns are not valid unless entry level is reached Short interest is low NV is rising Not a momentum stock so I am thinking this will be a slow mover. I am focusing on ABC targets for now as it is a ways from C&H entry My stop is under...
Hey my friends, DUPONT DE NEMOURS is on a bullish support slant, continuing a surge in buyers. Possibility to go in the direction of the last precedent above, see a little above due to the cross candle to find yourself in the decision area and set a price down. Please LIKE & FOLLOW, thank you!
DD has formed a Cup and Handle pattern and broken it recently.. Disclaimer: This is not an advice to buy or sell!!