Here you go my idea on DOW. I also new in this pair but yeah based on previous stock analysis. Accuracy of the projection up to 95%.
Let's see what happen next. Dance with the market guys.
Currently up 36% on DOW 06/18/21. I still see some more upside as we approach earnings. To the moon we go!
Pattern recognized: Running flat ABC
Hypothesis: Bullish sentiment
***This does not constitute financial advice.***
If you like what you see why not support me?
Flag forming into ascending triangle here. Been watching this name for a while. Good swing over the months, but now looks like a solid long. If breakout confirmed, its going to 70s and forming new strong support in the 65 region.
DOW chemicals is a strong business in the materials sector in same way as DD (Dupont) is.
I see an IHS on the daily, set alert, hit it.
Have limit order in for call options
price $2.65 each
Expect to hold up to $61.5-$64 for 20-50% in profits depending on if it happens in the next 5 days or 10 days
As long as the market holds together i see tomorrow be the first day of a melt up. i would expect this hasn't gone unnoticed by hedge funds so id expect a big dump to take out stop losses and then head north.
Notice material sector (XLB) is among the leading sectors since March market bottom. Material kept rising from March to September non-stop
DOW is one of the leader among mega material stocks from March to June
Consolidation consists ascending base (higher-low) and resistance was set at 46
By the end of ascending base, DOW crossed over 46 which triggered buying...