DOW Stock Chart Fibonacci Analysis 052123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 52.3/61.80%
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About Dow Inc
Sector
Process Industries
Industry
Chemicals: Specialty
CEO
James R. Fitterling
Website
dow.com
Headquarters
Midland
Employees
37.8K
Founded
1897
ISIN
US2605571031
Dow, Inc. is a materials science company, which engages in the development of innovative solutions. It operates through the following segments: Packaging and Specialty Plastics, Industrial Intermediates and Infrastructure, and Performance Materials and Coatings. The Packaging and Specialty Plastics segment consists of hydrocarbons and energy and packaging and specialty plastics. The Industrial Intermediates and Infrastructure segment covers the industrial solutions and polyurethanes and construction chemicals. The Performance Materials and Coatings segment includes coatings and performance monomers and consumer solutions. The company was founded in 1897 and is headquartered in Midland, MI.
$DOW - critical levelI do not like where the DOW is heading right now. It closed below the 200d EMA last week, this is not looking good. I would be careful with the stock market right now as there are still plenty of volatility. If DOW drops below $52, it might form a cup and handle at $49.50 and if completed, targeting
Dow Inc – DOW – Wait to step inLeft chart – daily chart / 1 year
• Resistance from the price gap formed mid-January 2023 at USD 56.58/57.02
• Resistance from 76.4% Fibonacci Retracement at USD 56.64
• Support from the price gap formed mid-November 2022 at USD 50.02/50.90
• It looks like that the MACD-Line is crossing the Signal l
Struggle at the NecklinePossible Head and Shoulders pattern that is not valid until the neckline is broken with a downtrend.
The neckline is support until then.
No recommendation/Some would measure from the head to the neckline, project that down from the neckline and apply fib levels.
clear mind patience focus results in higher learningthis journey is forever yielding patience experience gut and courage; it is true that you dont know what it is that you do not know. Grow Strong each day!
$DOW with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $DOW after a Negative over reaction following its earnings release placing the stock in drift C.
DOW Head and ShouldersDOW has completed a head and shoulders pattern. We see this evident in the multiple breakouts confirming the pattern.
I suspect we will reach $59 before a pull back occurs. This is especially true if the SPY plays nicely with the DOW move.
DOW - Short OpportunityA double top pattern was formed and the stock crashed and now price has retraced back to the resistance level, giving us another opportunity to ride the waves down. Near-term short signal has also appeared. Price failed to break above 200 MA, showing bearish sentiments.
Entry: 49.77
Stop Loss: 53
DOW down to 39/40That's a bold call, isn't it?
Here my analysis:
- red CL hit 3 times and price got rejected
- MACD kinda nice filter
- Medianline rules in play: HAGOPIAN
- overall economy is going down the toilet too
- Gov's....not even worth a word
Happy Santa Downhill, Hope You're Short Too §8-)
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
