DOW CHEMICAL CO
(DOW-NYSE):
Technical Viewpoint: From a low
of $90.06 on Mar 29, 1999 prices
rallied, reaching a
high of $121 1/2
on Apr 9, 1999. A
decline saw prices pull back, reaching a
low of
$110.69 on Apr 22, 1999.
Another rally saw prices penetrate
resistance, closing 4/28/99
at $126.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 12, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $111.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 26, 1999. A P&F upside
reversal takes place at $121 1/2. Summary: Technical indicators have turned bullish. BUY! DOW CHEMICAL CO
(DOW-NYSE) @ $127 3/8 Stop: Use a protective stop of $123 7/8.
DOW CHEMICAL CO is currently trading @ $126.69 plus $8.69 on Apr 29, 1999. Price Objective:
$141.00. Risk/Reward: $3 1/2 VS. $13 5/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$141.00
Risk/Reward:
$3 1/2 VS. $13 5/8
Risk/Reward Ratio:
4:1
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