pool adsWhen the Price of Dow Inc DOW Talks, People Listen
This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Dow Inc (NYSE: DOW) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for DOW can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Strong |
| P1 | 0 | 0 | 64.41 |
| P2 | 68.04 | 68.60 | 67.71 |
| P3 | 68.91 | 70.14 | 71.16 |
Support and Resistance Plot Chart for DOW
Longer Term Trading Plans for DOW
June 12, 2021, 3:00 pm ET
Our Longer Term Plans for DOW help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this DOW Report.
Long Support Plan (Long Term Trading)
Buy DOW over 67.71 target 71.16 stop loss @ 67.51
The technical summary data tells us to buy DOW near 67.71 with an upside target of 71.16. This data also tells us to set a stop loss @ 67.51 to protect against excessive loss in case the stock begins to move against the trade. 67.71 is the first level of support below 68 , and by rule, any test of support is a buy signal. In this case, support 67.71 is being tested, a buy signal would exist.
Short Resistance Plan (Long Term Trading)
Short DOW under 71.16, target 67.71, stop loss @ 71.37
The technical summary data is suggesting a short of DOW as it gets near 71.16 with a downside target of 67.71. We should have a stop loss in place at 71.37though. 71.16 is the first level of resistance above 68, and by rule, any test of resistance is a short signal. In this case, if resistance 71.16 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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