When (DOW) Moves Investors should Listen
January 05, 2024, 01:58 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DOW
- Buy DOW slightly over 51.34 target 54.3 stop loss @ 51.19 Details
The technical summary data tells us to buy DOW near 51.34 with an upside target of 54.3. This data also tells us to set a stop loss @ 51.19 to protect against excessive loss in case the stock begins to move against the trade. 51.34 is the first level of support below 54.19 , and by rule, any test of support is a buy signal. In this case, support 51.34 is being tested, a buy signal would exist.
- Short DOW slightly under 54.3, target 51.34, stop loss @ 54.46 Details
The technical summary data is suggesting a short of DOW as it gets near 54.3 with a downside target of 51.34. We should have a stop loss in place at 54.46though. 54.3 is the first level of resistance above 54.19, and by rule, any test of resistance is a short signal. In this case, if resistance 54.3 is being tested, a short signal would exist.
Swing Trading Plans for DOW
- Buy DOW slightly over 54.43, target 55.56, Stop Loss @ 54.27 Details
If 54.43 begins to break higher, the technical summary data tells us to buy DOW just slightly over 54.43, with an upside target of 55.56. The data also tells us to set a stop loss @ 54.27 in case the stock turns against the trade. 54.43 is the first level of resistance above 54.19, and by rule, any break above resistance is a buy signal. In this case, 54.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DOW slightly near 54.43, target 51.34, Stop Loss @ 54.59. Details
The technical summary data is suggesting a short of DOW if it tests 54.43 with a downside target of 51.34. We should have a stop loss in place at 54.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DOW
- Buy DOW slightly over 54.43, target 54.69, Stop Loss @ 54.3 Details
If 54.43 begins to break higher, the technical summary data tells us to buy DOW just slightly over 54.43, with an upside target of 54.69. The data also tells us to set a stop loss @ 54.3 in case the stock turns against the trade. 54.43 is the first level of resistance above 54.19, and by rule, any break above resistance is a buy signal. In this case, 54.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DOW slightly near 54.43, target 53.98, Stop Loss @ 54.56. Details
The technical summary data is suggesting a short of DOW if it tests 54.43 with a downside target of 53.98. We should have a stop loss in place at 54.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Dow Inc. (DOW) available here: DOW.
DOW Ratings for January 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
48.17 |
| P2 |
53.98 |
54.43 |
51.34 |
| P3 |
54.69 |
55.56 |
54.3 |
AI Generated Signals for DOW
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Dow Inc. (NYSE: DOW) report below is a real world example. Included are trading plans for DOW, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DOW:
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