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...
see full chart at www.tradingview.com
Dow
Entry $44.50
Target 1 $49
stoploss $42
Why?
Looks like we are getting sector rotation from tech to industrial and other beat up stocks.
If we contain to maintain bullishness in the market, this could be a big runner.
The Dow Chemical Company (TDCC) is an American multinational chemical corporation headquartered in...
This has used the 50 Day MA as support since 5/14. It broke through slightly in early August but quickly returned back to the trend above the MA. Currently sitting at a potential trend line and the 50MA. Potential long swing trade here if this shows confirmation.
Falling Wedge
TP 1 = 48.15
TP 2 = 49.71
TP 3 = 51.04
TP 4 = 52.82
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Thank you and Good Luck!
DOW , immediately following the ascending triangle is the symmetrical triangle of Dow .
DOW buy : $44.5
DOW target : 51 +-1
Stop loss : $42.5
Wish you a good deal!
NYSE:DOW I alerted to the breakout over the weekend and the stock made its move out of symmetrical resistance trend-line in today's session. Once in a trade, use your risk management skills and your pre-defined stop loss.
Post from the weekend.
