DOW CHEMICAL CO
(DOW-NYSE):
Technical Viewpoint: From a low
of $29 1/2 on Nov 28, 2000 prices
rallied, reaching a
high of $37.19
on Dec 5, 2000. A
decline saw prices pull back, reaching a
low of
$30 1/2 on Dec 15, 2000.
Another rally saw prices penetrate
resistance, closing 12/19/00
at $33 7/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 18, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.00. Resistance: Is at $37.00.
Point & Figure: Reversed to the upside on Dec 18, 2000. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! DOW CHEMICAL CO
(DOW-NYSE) @ $34 3/4 Stop: Use a protective stop of $32 1/8.
DOW CHEMICAL CO is currently trading @ $33 7/8 plus $2.07 on Dec 19, 2000. Price Objective:
$45.00. Risk/Reward: $2 5/8 VS. $10 1/4. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$45.00
Risk/Reward:
$2 5/8 VS. $10 1/4
Risk/Reward Ratio:
4:1
|