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The PEAD projected a Bearish outlook for $DOW after a Negative over reaction following its earnings release placing the stock in drift C.
DOW 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.
A 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: 53.6 Take-Profit Target: 43.95
That'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-)
So looking at the DXY, I still feel we are expecting 2 situation (yes the old up and down what can we do in the world of charting!) I'm being bearish , sorry bulls! We are still expecting a move down. I have been stopped out of a large position because I was too eager to get my short in with high leverage. That's fine I will be risking a big short depending...
$DOW ($XLB) With some space to 50$. IF this thing wants to go outside quarter, that would be expansion to the higher highs of the daily BF (Bottom right chart)
The PEAD projected a Bullish outlook for $DOW after a Positive Under reaction following its earnings release placing the stock in drift A.
Bearish - Double tops - Broke neckline - Bear flag "Slowly is the fastest way to get to where you want to be"
DOW $DOW Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Desicion to Buy. Entry Price = $69.11. Target Price=$70.41. Stop Price=$67.81.
Dow declares quarterly dividend of 70 cents per share...BUY
The PEAD projected a Bullish outlook for $DOW after a Positive over reaction following its earnings release placing the stock in drift B.
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price. Entry Price: $67.95 Target Price: $69.05 Stop Loss: $66.11
$DOW price with #HeikinAshiRangeBreakout and reclaim of lower band of vwap - Target 1 77$
Based on it's uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $TGT exceeds today's high of $234.49 during tomorrow's session.
Based on it's uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $DOW exceeds today's high of $68.33 during tomorrow's session.
Notes/Thoughts: * Great earnings record * Strong up trend * Breaking out of a ~13 month base with higher than average volume * Recently used historical highs of $65.56 as support * Last bullish hammer indicating tonnes of demand below $67.49 * Extremely close to the broken resistance of $67.49 offering a great risk/reward Technicals: * Sector: Basic Materials...