DOW CHEMICAL CO
(DOW-NYSE):
Technical Viewpoint: From a low
of $23.00 on Oct 19, 2000 prices
rallied, reaching a
high of $32 3/4
on Nov 8, 2000. A
decline saw prices pull back, reaching a
low of
$29 1/2 on Nov 28, 2000.
Another rally saw prices penetrate
resistance, closing 12/1/00
at $32.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 27, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 29, 2000. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! DOW CHEMICAL CO
(DOW-NYSE) @ $32 7/8 Stop: Use a protective stop of $30 3/8.
DOW CHEMICAL CO is currently trading @ $32.69 plus $2 1/8 on Dec 1, 2000. Price Objective:
$43 1/2. Risk/Reward: $2 1/2 VS. $10 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:
$43 1/2
Risk/Reward:
$2 1/2 VS. $10 5/8
Risk/Reward Ratio:
4:1
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