Long >69.65 Stop - 69.49 Target - 70.25 / 70.5
Signals: double bottom flag buy 69.00-70.00 Stop-loss 67.43 Take profit 75.00-76.00
Go long the DD if it trades at 65.75 or higher. If triggered, place your stop at 63.72 and exit the position for a profit at 69.24 or at your own discretion. (Signals are valid until otherwise advised. Always invest wisely). Learn the rules of a strategy at: www.udemy.com
We are able to put a very close located stop.
16 years after the head & shoulders top in May 1998, Du Pont's price hit the resistance on the downtrend channel making a distinctive LOWER HIGH. Well supported and confirmed by MACD not making higher high. I foresee that the next window of support is between 40 - 50 in time to come. My opinion is on a short side, but must wait patiently as there is a possibility...
As soon as DD turn up relative to SPY on the day highlighted it was the time to put on the trade. Even if you waited until it went over the 10-day average of the ratio, you would have gotten in with very good risk/reward. You would have had 1% drawdown on the first day's open, then as much as a 19% gain from there to today's high, or a 16% return to the last...
Du Pont (DD) is deeply oversold and out of favor, thanks to its heavy cyclical nature and chemical exposure. I like how the volatility of DD shares have quieted down over the past few days here, which can signal that the sellers are done with their selling for the time being. The way to put this trade on is to wait until the DD starts to outperform SPY on a...
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...
This looks like it will end up being a nice 3 drives bull channel, and we are near the channel support, and will be looking for a nice bull trend bar or a high 1 pullback entry bar to buy. I was also looking at the possibility of a small trading range (between points B and C). That is also setting up support and will likely have a successful bull breakout. There...
ichimoku cloud update On the daily chart of Du Pont or DD, there had been a Strong tk cross over 5/28/14. However price did not break the high of 68.82 (4/4/14) until on 5-30-14 is when price closed above 4-4-14's high. Since the 30th of may, price has slowly risen and is suddenly starting to retrace. There is strong confluence that the market may do a fib...
When finding a great swing trade, one must look at multiple factors. I hope to reveal my mindset fully, helping the average investor understand how I reached my decision to short Dupont (NYSE:DD). I believe a short on this stock an extremely high success rate, bordering on 90% over the next month. The downside target is $64.75, then $59.95. 1. The chart is...